Mubasher: Chinese stock markets closed lower for the second session in row amid fears over sell-offs by large shareholders and China’s economic slowdown after data showed weaker factory activity in China for the tenth successive session.
The Shanghai composite index declined 0.25% to reach 3,288 points.
The Hang Seng index retreated 0.65% to 21,189 points.
The Asia Dow index levelled down 0.25%, while the Sensex and the benchmark Straits Times Index slid 0.16% and 0.07%, respectively.
China's central bank injected 130 billion yuan ($19.9 billion) in short-term funds into the country's financial system, according to a statement.
The bank offered the funds in the form of what are known as seven-day reverse repos on Tuesday at an interest rate of 2.25%.
