Chinese Stocks Fall For 4th Day, Dropping 7.6 Percent

BEIJING (AP) – China’s main stock market index has fallen for a fourth day, plunging 7.6 percent to an eight-month low.

In Japan, the Nikkei 225 index, which had risen earlier Tuesday, closed down 3.9 percent at 17,806.70.

The Shanghai Composite Index closed Tuesday down 244.94 points to 2,964.97 amid sharp declines that have rattled investors abroad and triggered a global stock sell-off. It tumbled 8.5 percent Monday.

Chinese stocks have plunged over the last two weeks despite a multibillion-dollar government effort to stop a slide in prices.

Allison Leslie is a University of South Florida graduate with a bachelors degree in Mass Communications. She joined Genesis in 2016. With a passion for sports, Allison has interned with 620 WDAE, Pewter Report, Trifecta Team: St. Petersburg Bowl, Bullscast, and many other publications. Being a native to the Bay Area, she has followed and supported Tampa Bay teams her whole life.