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

EnergyAssociated Press

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.

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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.