China shares fall after tax rise
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China's main share index falls sharply after Beijing's decision to triple the tax on stock transactions.
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SHANGHAI, China -- China's volatile stock market plunged nearly 9 percent on Tuesday, its biggest drop in more than 10 years, sending ripples through markets from Hong Kong to Australia.
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The Chinese stock market falls a further 5% with investors still worried that Beijing might intervene to slow growth.
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China&#39;s share prices fell sharply early Wednesday after authorities made another attempt to rein in the nation&#39;s booming stock markets by imposing higher taxes on trading.
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China stocks tumbled 8.3 percent on Monday in their second biggest drop this decade, erasing $340 billion in market value and extending big losses from last week after the government hiked the share trading tax to cool a feverish bull run.
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European equities moved lower on Wednesday, reacting to sharp falls on Asian stocks markets after the Chinese government tripled the stamp duty payable on share trading.
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Chinese stocks plunged Monday following government efforts to cool a market boom, recording their biggest one-day drop since a late February drop that triggered a global market sell-off.
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An index of Chinese stocks plunged at the opening, partly recovered, then slumped for a 5 percent loss after noon.
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Stocks opened lower on Monday as investors booked profits from shares that have helped propel equities to records, while another sharp fall in Chinese stocks fueled some concerns, tempering optimism from another wave of takeovers.
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Investor's Business Daily - Government efforts to cool soaring Chinese stocks sparked heavy selling in Shanghai on Wednesday. But unlike three months ago, global markets took the drop in stride.
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Stocks tumbled on Tuesday, sending the benchmark S&P 500 index to its biggest one-day slide in more than 3-1/2 years as China's equity market sell-off fanned worries that stock valuations there are too high and some data indicated U.S. economic growth may slow.
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Stocks suffered their worst one-day slide in more than eight months on Tuesday, driving the blue-chip Dow average down almost 200 points, after China's main equity index plunged on concerns that share valuations there had become overextended.
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Asian shares dipped on Thursday, as  tech shares followed U.S. counterparts lower after an  influential investment bank downgraded the sector.
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Global stock markets slip on fears about China, with the UK's FTSE 100 posting its biggest drop in nine months.
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U.S. stocks plunged on Tuesday, joining a global equities rout sparked by the biggest one-day drop in Chinese stocks in a decade.
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Asian shares dipped on Thursday, as tech shares followed U.S. counterparts lower after an influential investment bank downgraded the sector.
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Chinese stocks plunged nearly 9  percent on Tuesday, erasing about $140 billion of value in  their biggest fall for a decade, amid fears that authorities  would crack down on speculation that drove shares to record  highs.