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Shanghai stocks plunged just over three percent at the open on Tuesday in what dealers described as panic selling Cheap Giorgio Chiellini Jersey , extending a near seven percent rout a day earlier that triggered an unprecedented early close.


The benchmark Shanghai Composite Index slid 3.02 percent, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, tumbled 5.03 percent at the opening.


The Shanghai index slumped on Monday over concerns about the health of the world's second-largest economy after the release of weak manufacturing data, with the 6.86 percent fall sparking a wave of selling through global markets.


Regulators halted trading early on Monday Cheap Gianluigi Buffon Jersey , the first day a new "circuit breaker" mechanism was in place.


Under the system, a five percent drop in the CSI300 index, which covers both bourses, triggers an automatic 15-minute trading halt. A fall of seven percent means the two exchanges are closed for the rest of the day.


"The market is worried that about the new circuit breaker and investors tend to avoid risk when they see uncertainties. There was excessive panic selling after the circuit breaker was triggered yesterday," Haitong Securities analyst Zhang Qi told AFP after Tuesday's drop.


"The sharp falls should only be short term and the market will recover after it calms Cheap Federico Mattiello Jersey ," he added.


Later on Tuesday morning the Shanghai market had moved into positive territory with the key index up 0.21 percent, or 6.77 points, to 3,303.03 but the Shenzhen index was still down 0.94 percent, or 19.93 points Cheap Federico Bernardeschi Jersey , to 2,099.23.


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