The global sell-off was driven by fears that China’s slowing growth might pull down other economies.
The benchmark Shanghai Composite fell 6% on Tuesday, after falling 8.5% on Monday – overnight, stocks in Europe and the US also saw sharp falls.
Other Asian markets opened lower on Tuesday, but recovered losses in later trading.
Investors are worried that firms and countries which rely on high demand from China – the world’s second largest economy and the second largest importer of both goods and commercial services – will be affected by its slowdown.
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