Asian stocks generally rebounded Tuesday after being dragged down for days by a slide in the Chinese market. But sharp losses continued on the mainland, with the Shanghai Composite dropping another 7.6% percent and the Shenzhen exchange down by a similar percentage.
Singapore’s Straits Times Index rose 1.7%, Australia’s main index jumped almost 3%, South Korea’s Kospi gained nearly 1%, Taiwan’s Taiex was up about 3.6% and Hong Kong’s Hang Seng Index closed up 0.7%. Yet Japan’s Nikkei fell almost 4%. European markets opened up.
Declines were sharp again on the mainland. The Shanghai Composite closed at 2964.