By: Nadeemy Haded
The two exchanges of China are trying to limit their losses, Tuesday, after their sessions began to decline clearly in the wake of a big decline in very volatile markets dominated by fears of the emerging epidemic of Corona virus, and its impact on the economy.
And the Shanghai Stock Exchange index opened a decline of 2.23 percent to 2,685.27 points, while the session in the Shenzhen Stock Exchange started a decrease of 3.48 percent to 1552.96 points.
But the two exchanges managed to reduce the decline quickly in the following minutes, and registered half an hour after the start of the session, a slight rise of 0.58 percent in Shanghai, and 1.88 percent in Shenzhen. But the exchanges remained largely volatile.
On Monday, China's stock exchanges collapsed in the first session after a long holiday that started on January 24 to mark the Lunar New Year's Day.
And the Shanghai Stock Exchange closed down 7.72 percent, while the Shenzhen Stock Exchange fell 8.41 percent, and recorded the largest decline since the financial collapse in the summer of 2015.
The spread of the new Corona virus, which has killed more than 400 people so far, is causing panic to investors and could have a prolonged impact on the Chinese economy.