Asian markets volatile; China extends losses, ASPI drops 1 pct

Aug 25, 2015 (LBO) – Asian share markets temporarily bounced back before heading into the red with Chinese stocks diving, a day after their worst plunge since 2007.

China’s benchmark Shanghai Composite was down 7.9 percent on Tuesday, after falling 8.5 percent on Monday.

The sell-off was driven by fears that China’s slowing growth might pull down other economies.

Nikkei was down 3.9 percent before the opening of European markets. Colombo’s ASPI was down 1.03 percent on 812 million rupees turnover.