China's Stocks Drop Again

Updated from 9:33 a.m. EST

Major stock measures in Asia were weak again overnight, and mainland China's equities were sent well into the red.

The Shanghai and Shenzhen 300 Index gave back 2.8% to 2474, and the Hong Kong Hang Seng tripped 1.6% to 19,347. Tokyo's Nikkei 225 lost 0.9% to 17,454.

Taiwan's Taiex fell 2.8% to 7679, and South Korea's Kospi gave back 2.6% to 1417. Singapore's Straits Times Index slipped 0.4% to 3093.

Even though the selling was widespread, there were pockets of strength. India's BSE Sensex rose 1.7% to 13,160, and stocks in Thailand added 0.5%. Jakarta and the Philippines were also higher.

As for Europe, shares were also lower, with the exception of a few small markets in the east.

London's FTSE 100 was down 1.5% to 6082, and Frankfurt's Xetra DAX was losing 2% to 6584. The Cac 40 in Paris slumped 2.6% to 5371.

The Swiss Market Index shed 1.4%, and Milan's MIB 30 dropped 1.6%.

On the upside, the Slovenian Total Market index added 0.5% to 7111, and Croatia's Zagreb Crobex advanced 2.5%. Serbia's Belex 15 was up 1.2%. Estonia, Latvia and Lithuania were also stronger.