Receive Breaking News updates as they occur
China's benchmark Shanghai stock index was down more than 4.5 percent by mid-morning on Wednesday, as additional government moves failed to shore up the tumbling market and contagion began to spread elsewhere. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slid 3.88 percent, or 74.99 points, to 1,857.84. The latest falls came despite the government announcing new measures to support the market, including allowing insurance companies to invest more assets in stocks and a programme to buy the shares of smaller companies.
BEIJING (AP) — China opened an exhibition of guns and photos of massacres to commemorate the World War II victory over Japan, part of a propaganda push to stir up nationalism by observing the 70th anniversary of the war's end in Asia with great fanfare.