Hundreds of billions of dollars have been wiped off stock markets around the world.Global investors are worried about growth in the Chinese economy.Panic selling in markets across Asia has sent global shares tumbling, with China's main index down nine per cent.
China is the world's second largest economy and recent slowdowns in manufacturing and commodities - coupled with a weaker dollar - are behind the falls.The CSI300 index was down 6.3 per cent at 3,070.01 points by 0128 GMT, while the Shanghai Composite Index lost 6.4 per cent to 3,004.13 points.
China CSI300 stock index futures for September fell 4.3 per cent, to 3,001, 69.01 points below the current value of the underlying index.The Hang Seng index in Hong Kong was down 0.6 per cent at 21,119.53 points.The central bank made a large 150 billion yuan ($23.43 billion) injection into the interbank market on Tuesday morning during open market operations.
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