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China's benchmark Shanghai stock index slumped 4.09 percent at the open on Tuesday, despite a renewed government vow to support the market following the biggest fall in eight years a day earlier. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was down 3.52 percent, or 75.93 points, to 2,084.16. The falls came despite comments by the market regulator, the China Securities Regulatory Commission (CSRC), that it would continue to "stabilise" the market.
Boston's troubled bid for the 2024 Olympics ended amid financial fears and local opposition, leaving the US Olympic Committee to seek a replacement candidate by mid-September. Boston's bid was in trouble almost as soon as the USOC chose the New England city in January ahead of Los Angeles, San Francisco and Washington. It died for good shortly after Boston Mayor Martin Walsh said he wouldn't commit taxpayers to financing any cost overruns for the quadrennial spectacle.