China stocks open down over 2 pct, extend previous day’s sharp fall

August 19, 2015 3:12 AM

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China stocks open down over 2 pct, extend previous day’s sharp fall

China stocks opened down over 2 percent on Wednesday, extending previous day’s sharp losses amid growing uncertainty over the monetary policy outlook.

Stocks plunged more than 6 percent on Tuesday, their biggest fall in three weeks, on speculation the central bank may be in no rush to ease policy further and concerns a further weakening in the yuan would hit importers.

Also read: China auto sales weaken further in September

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