ASX stock markets are now fully in session after Hong Kong’s Hang Seng index and the mainland China Shanghai Composite exchange opened at 12:30pm AEDT.
Both indexes have crashed in early trade, which is having ripple effects across other regional markets.
The Shanghai SE50 index — which tracks the 50 largest stocks in China — fell by as much as 7.5% and has gone into the lunchbreak down 5.36%:
Shares in Hong Kong aren’t faring much better, with the Hang Seng index going into the midday break down 3.51%.
The resumption of trade in Hong Kong and mainland China caused some jitters in other Asian markets, which were showing signs of stabilising after early falls.
Japan’s Nikkei index is currently around 3% lower after a brief rally, while the ASX200 is clawing back some losses ahead of the 4pm close after dipping again in early afternoon trade:
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