Shanghai stock market plunges more than 6 percent, other Asian stocks also fall

The Shanghai share index has plunged more than 6 percent, the biggest drop since July 27, as investors resumed sell-offs of Chinese stocks despite the stabilization of the Chinese yuan.

Other Asian stock markets also turned lower in the afternoon trading.

The Shanghai Composite Index fell 6.2 percent to 3,748.16. The drop on July 27 was the index's biggest in eight years.