UPDATE: The Shanghai Composite fell further into bear market territory and was down as much as 5.2% on Tuesday.
It pared some of its losses and is now down 4.76% to 1,870.84.
Markets continue to be concerned about a liquidity crunch that could hurt already slowing economic growth.
It has been argued that Chinese policymakers are willing to settle for some short-term pain in order to move towards more stable, longer-term growth.
The SHIBOR fix, Shanghai Interbank Offered Rate, for June 25 fell 75 bps to 5.7360%.
Here's a look at the five-day chart of the Shanghai Composite:
Note: When we first published the post at 11:55 p.m. ET, the Shanghai Composite was down 3.8% to 1,888.68.
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