Asian markets fall as 2-day recovery ends

HONG KONG: A more than 6 percent collapse in Shanghai led Asian markets lower on Tuesday as a two-day global rally fuelled by stimulus talk came to an abrupt end following sharp losses in US and European markets while oil prices tanked again.

There had been a glimmer of hope that the worst start to a trading year on record may be easing, with a surge across all assets spurred by a European Central Bank pledge Thursday to further ease monetary policy.