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Japan’s Nikkei 225 Index dropped by 4.61% to 18,540.68.

Many traders had hoped Beijing would take support measures, such as an interest rate cut, over the weekend after China’s main stocks markets slumped 11 percent last week.

“There’s no shortage of things people can cite, from the movement in currencies, to the weakness in commodities and fears about China“, Lee said. “This is about growth“. Gold futures rose as the selloffs spurred a flight to safety, with the yellow...

Relatively few Chinese are invested in the stock market, and the vast majority of Chinese companies still have access to financing.