Tuesday, 5 January 2016

Chinese markets turn positive after tumbling at open

Chinese markets tumbled at the open Tuesday, but quickly erased early losses as Asian markets recovered from a sharp selloff in the previous session.

The Shanghai Composite tacked on 0.95 percent after initially trading down as much as 3.1 percent. The smaller Shenzhen Composite was off 0.2 percent after initially falling as much as 5 percent, while the CSI300 erased its opening losses of as much as 2.58 percent to trade up 1.4 percent. In Hong Kong, the Hang Seng Index added 0.56 percent.

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