China stocks fell over 2 percent on Tuesday morning but recovered much of the losses by the close, aided by a late rebound in financial shares.
The blue-chip CSI300 index fell 0.7 percent, to 3,017.28, while the Shanghai Composite Index lost 0.9 percent to 2,504.82 points. ** China stocks fell amid a global sell-off that was triggered by worries about the global economy and Donald's Trump's response to US market weakness.
The Trump administration moved to bolster confidence and the US president called the Federal Reserve the "only problem our economy has".
The CSI300 financial sector sub-index was lower by 0.66 percent, the consumer staples sector down 0.02 percent, the real estate index down 0.14 percent and the healthcare sub-index up 0.18 percent. ** The smaller Shenzhen index ended down 0.81 percent and the start-up board ChiNext Composite index was weaker by 0.848 percent.
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.16 percent, while Japan's Nikkei index closed down 5.01 percent. At 07:29 GMT, the yuan was quoted at 6.8856 per US dollar, 0.19 percent firmer than the previous close of 6.8984. The largest percentage gainers in the main Shanghai Composite index were Nanjing Textiles Import & Export Corp Ltd, up 10.03 percent, followed by GuangDong Super Telecom Co Ltd, gaining 10.02 percent and Suzhou Secote Precision Electronic Co Ltd, up by 10.02 percent.
The largest percentage losses in the Shanghai index were Changzhou Tenglong Auto Parts Co Ltd down 10.02 percent, followed by Changyuan Group Ltd losing 9.95 percent and Gem-Year Industrial Co Ltd down by 8.79 percent.
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