Equities continue on a roller coaster ride

Mainland shares fall further as Hong Kong recovers from losses Equities continued their wild swings on Tuesday, with shares falling by another 7.63 percent in Shanghai and bouncing back from losses in Hong Kong.

The benchmark Shanghai Composite Index dropped 244.94 points to close at 2,964.97 on Tuesday and fell below the psychologically important level of 3,000 for the first time since December last year. Nearly 800 stocks fell below the daily 10 percent limit.

Tuesday's decline followed the vast sell-offs in global financial markets, triggered by the 8.49 percent fall on Monday in Shanghai.