China Stocks Plummet Another 7 Percent Amid 'Mood of Panic'

SHANGHAI: Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia.
Major Chinese stock indexes nosedived more than 7 percent, hitting their lowest levels since December, following their more than 8 percent plunge on Monday that sent shockwaves through global financial markets.
- Japan's Nikkei slumped 4 percent on Tuesday, but the rest of Asia was been calmer overall. Europe also started on a firmer footing after Monday's global beating had wiped around $520.70 billion off the value of its leading stock markets.
- The pan-European FTSEurofirst 300 index clawed back 1.7 percent of the more than 5 percent it had lost as London, Paris and Frankfurt bounced 1.5-1.7 percent.
- China, one of the main engines of the world economy, has overtaken Greece at the top of the worry list of global investors, who fret its economy is growing at a much slower pace than the official 7 percent target for 2015. Source