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             Chinese Stocks Struggle as Most Asian Markets Edge Up

   by VOA News

   Chinese markets swung sharply while most other Asian markets opened in
   positive territory in early trading Tuesday, after starting the week
   with losses.

   Investors remain wary, concerned by lingering doubts about Beijing's
   economic policies and slowing economy. After losing 5 percent on Monday
   -- 15 percent so far this year -- Shanghai rallied in the first few
   minutes before quickly slipping into the red then bouncing back.

   By mid-morning, Shanghai was up 0.2 percent, while Hong Kong, which
   also tumbled Monday, was up 0.6 percent.

   After a market holiday Monday, Tokyo slipped 2.12 percent by lunch.
   Sydney added 0.3 percent and Seoul was 0.4 percent higher.

   "In the Chinese equity markets so much damage was done to investor
   confidence last week" by new "circuit breaker" trading halt mechanisms
   that backfired, said analyst Angus Nicholson of IG. "I think that has
   really done a significant amount of damage to Chinese investor
   confidence and confidence in the government's ability to manage and
   regulate Chinese capital markets," he said.

   On Monday, U.S. markets provided some positivity, with the Dow and S&P
   500 moving higher, ending the day up 0.1 percent, after three straight
   days of 1 percent-plus declines.

   Crude also fell to a 12-year low, ending Monday below $32.
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   -edge-up/3141201.html

References

   1. http://www.voanews.com/content/chinese-stocks-struggle-asian-markets-edge-up/3141201.html