China's biggest stock crash goes on

REUTERS

The Shanghai Stock Exchange Composite Index saw a 4.3% decline at the trade opening.

The Hong Kong Hang Seng Index slid by 0.5%, while Japan's Nikkei, a major index of the Tokyo Stock Exchange, dropped by 1.1%.

The People's Bank of China has pledged to inject CNY 50 billion ($8.05 billion) into the country's stock markets to prop them up.

As earlier reported, there was the steepest decline in Chinese stocks in eight years on Monday, July 27, due to a sharp sell-off that started at the end of trading.