Shanghai volatile as most Asia markets extend losses

HONG KONG: Shanghai stocks swung sharply again on Tuesday, fuelled by ongoing worries about China’s economy while most other Asian markets ended extending losses as one of the worst starts to a year shows little sign of letting up.

Having sunk more than five percent Monday—taking its losses this year to almost 15 percent already—Shanghai rallied in the first few minutes before quickly see-sawing in and out of positive territory through the day.