Market dip ends three-day rebound

Equities declined on Tuesday, ending a three-day rally that followed a massive correction over less than four weeks and indicating that the market remains fragile and prone to volatility.

The latest decline came ahead of the release of the country's official economic data for the second quarter on Wednesday. The consensus projection by economists for the second-quarter growth rate is 6.9 percent, lower than the first quarter's 7 percent.

The downtrend may increase selling pressure in the stock market in the short term. This will be coupled with the fact that investors might take profits after many stocks rebounded by more than 20 percent, analysts said.