DHAKA: Chinese shares continued to head lower on Tuesday, extending the previous session’s losses.

On the mainland, the Shanghai Composite benchmark closed down 3.52% at 3,005.17 points, reports the BBC.

Hong Kong’s Hang Seng index closed down 0.49% at 21,455.23 points.

Investors ignored government data that showed that Beijing boosted fiscal spending by 26% in August from a year ago.

The move was an attempt to aid the flagging economy.

Regulators also tried to ease fears that the most recent crackdown on margin financing - a type of lending which involves borrowing money to buy stocks - would not affect the market.

Amid ongoing volatility in the markets however regulators have moved to punish some of the country’s big brokerages for not verifying trading accounts properly.

Overall caution has set in, with many investors remaining on the sidelines ahead of the US Federal Reserve’s decision on whether to raise interest rates for the first time in nearly a decade later this week.

BDST: 2142 HRS, SEPT 15, 2015
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