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Shanghai: Shares open down more than 4% after plunge


[SHANGHAI] China's benchmark Shanghai stock index slumped 4.09 per cent at the open on Tuesday, despite a renewed government vow to support the market following the biggest single-day fall in eight years a day earlier.

The Shanghai Composite Index - which plunged 8.48 per cent on Monday - dropped 152.42 points to 3,573.14. The Shenzhen Composite Index, which tracks stocks on China's second exchange, fell 4.67 per cent, or 100.85 points, to 2,059.24.