Live | China Markets Live - Hong Kong stocks fall to lowest close since 2012; Shanghai and Shenzhen modestly higher after choppy day
Hong Kong's Hang Seng extends fall from previous day; offshore yuan borrowing costs spike to fresh record high as PBOC fights to curb currency depreciation
Welcome to the SCMP's live China markets. The intense volatility in Chinese markets into 2016 due to the implementation of the circuit breaker has roiled world financial markets. Investors are increasingly focused on the broader question of how this episode might affect the wider economy of the country. We'll bring you the key levels, trading statements, price action and other developments as they happen.
Here is a summary of market action so far today:
- Hong Kong's Hang Seng falls 0.9 per cent to lowest close since 2012
- Shanghai Composite ends up 0.2 per cent after choppy trading
- Shenzhen Composite adds 0.4 per cent at close
4:24 pm: Hong Kong stocks extended the heavy losses from Monday, falling to the lowest closing level since September 2012.
The Hang Seng Index closed Tuesday at 19,711.76, down 0.89 per cent or 176.74 points. The H-shares index finished at 8,439.31, off 0.77 per cent or 65.85 points.
Hang Seng Index (yellow), China Enterprises Index (purple). The percentage at the end of the chart represents the difference from the opening, not from previous close. Click to enlarge the chart.
4:20 pm: Oil prices dropped further in Asian trade Tuesday, as February West Texas Intermediate crude futures hit a 12-year low of US$30.41 a barrel, before slightly bouncing back to US$30.67. It plunged 5.3 per cent overnight in New York.
