Chinese Stocks Fall Sharply, Leading Asian Markets Lower

by MR Magazine Staff

China’s stock market sank on Tuesday amid accumulating evidence of the Chinese economy’s deeply rooted troubles and as the central bank pushed huge sums of money into the banking system. The drop took Chinese stocks to their lowest level in 13 months. It followed a sell-off in the United States on Monday that was caused by a fall in the price of oil, an indicator of global economic health. But it also comes at a time of lingering market volatility in China stemming from growth concerns and questions about Beijing’s ability to manage its markets. Read more at The New York Times.