China's flight of capital causes global ripples
by Fergus Ryan in Beijing, and agencies from on (#HSNJ)
Investment in emerging markets hits record low while sluggish growth figures cause jitters
Chinese stock markets fell sharply in their final hour of trading on Tuesday as investors were rattled by the withdrawal of government support for shares and further capital flight after last week's yuan devaluation.
The Shanghai composite index dropped 6.12%, its biggest fall since an 8.5% slide on 27 July. By the end of trading about 1,000 companies had plunged by the daily 10% limit, with state-owned firms hardest hit.
Investors are sending a clear message that they are positioned for lower growth in China and emerging markets
Related: Why is China's stock market in crisis?
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