China: Stocks fall at market open after Monday crash

[SHANGHAI] China stocks opened lower on Tuesday, the day after a 7 per cent plunge in mainlaind shares roiled global markets and caused domestic trade to be suspended.

The CSI300 index fell 2.5 per cent to 3,382.18 points at 1:26 GMT, while the Shanghai Composite Index lost 3.0 per cent to 3,196.65 points.

China CSI300 stock index futures for January fell 2.1 per cent, to 3,425, 42.82 points above the current value of the underlying index.

Shortly prior to market open, the China Securities Regulatory Commission published a statement saying it would continue to work to improve the circuit breaker mechanism that caused Chinese markets to halt trade on Tuesday.

REUTERS