China Shares Slip Again as Beijing Scrambles to Calm Markets

Chinese shares fell on Tuesday, as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy. After a plunge of more than 8 percent in major indexes on Monday, Chinese regulators said they were prepared to buy shares to stabilize the stock market, while the central bank injected cash into money markets and hinted at further monetary easing. Despite those moves, aimed at bolstering the confidence of the ordinary investors who dominate China's equity markets, the Shanghai Composite Index fell 1.7 percent on Tuesday. Meanwhile, the CSI300 index of the largest listed companies in Shanghai and Shenzhen dipped 0.2 percent.