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Chinese Markets Continue to Fall Following Worst Single-Day Drop in 8 Years
FUYANG, CHINA - JULY 08: (CHINA OUT) An investor observes stock market at a stock exchange hall on July 8, 2015 in Fuyang, Anhui Province of China. Chinese shares dropped sharply on Wednesday with Shanghai Composite Index slipping down to nearly 3,400 points when it opened, the lowest point on that day. It's said that more than 1,700 stocks of Chinese companies in Shanghai Stock Exchange and Shenzhen Stock Exchange reached to decline limit. (Photo by ChinaFotoPress/Getty Images)

Chinese Markets Continue to Fall Following Worst Single-Day Drop in 8 Years

China’s stock markets continued their precipitous slide on Tuesday, falling almost two percent despite state regulators’ frantic attempts to stabilize the country’s volatile indices.

Tuesday’s rout came a day after the Chinese bourse’s worst drop in eight years, sending tremors of apprehension across markets worldwide. At market close on Tuesday, the Shanghai Composite Index sat at 3,663 points — more than 600 points lower than where it was just four weeks ago, illustrating the volatility of these markets and Beijing’s failure to stabilize them.

A surge that began earlier this year came to a dramatic turn last month, prompting state regulatory officials to enact drastic policies ranging from interest rate adjustments to stringent restrictions on the selling of shares.

Source: Chinese Markets Continue to Fall Following Worst Single-Day Drop in 8 Years | TIME