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After Tuesday, again on Wednesday for the continued second day the stocks in China dropped.

China’s yuan hit a four-year low on Wednesday, falling for a second day after authorities devalued it on Tuesday.

In recent weeks, Beijing has rolled out an unprecedented series of support measures to prevent a full-blown market crash, including cajoling Chinese brokerages and pension funds to buy stocks and cracking down on short-selling.

“The market is spooked by concern that the yuan may enter a devaluation trend and there’s some pressure for capital outflows given the fact that the U.S. may raise interest rates soon”, said Wei Wei, an analyst at Huaxi Securities Co.in Shanghai.

Hong Kong: China stocks rose on Monday on possible restructuring among major shipping firms and in other key sectors, and on hopes that less volatile trading may soon convince fund managers to get off the sidelines and put billions in cash back to work.

The Shanghai Stock Exchange, meanwhile, has suspended four trading accounts for serious trading irregularities that influenced market pricing.

China’s Shenzhen stock exchange has “suspended” a trading account used by a unit of Citadel, the US-based hedge fund said Monday, after authorities restricted several accounts in the wake of a market rout. The suspended account was trading the firm’s own...

In Hong Kong, the Hang Seng index added 0.4 per cent to 24,595.51 points.

One of the most actively traded stocks was Stratech Group, which rose 0.9 cents to 5.6 cents with 109.2 million shares changing hands.

Market sentiment elsewhere has also been struggling in recent days, with US indices dropping by just over 2% last week and the FTSE 100 also falling back once again.

Jolla said earlier this month that under a corporate reorganization a new company was being set up for Jolla’s device business, while it would focus on the development and licensing of the operating system.

China is now in a bear market. Fidelity Investments, which oversees the largest China funds outside of the mainland, says Chinese stocks are a buy following the selloff.

NEW YORK, July 10 (Reuters) – USA stocks closed broadly higher on Friday, with major indexes ending up more than 1 percent on hopes Greece would be able to secure fresh funding at an upcoming meeting, which would allow it to avert bankruptcy and remain in the euro zone.

In Hong Kong, stocks extended a recovery into a second day as the Hang Seng Index rallied 2.3%, while a gauge of Chinese companies listed on the city’s stock exchange, known as H-shares, rose 4.4%.

The Singapore Straits Times said the mainland share prices started its downward spiral when China’s securities regulator warned that it would tighten rules on margin trading for individual investors.