Asian stocks tentative day after China plunge

Seoul, South Korea,25 Rabi’I,1437 AH, 05 January,2016 , SPA — Asian stock markets were muted Tuesday even as China’s benchmark stabilized a day after plunging nearly 7 percent.
The Shanghai Composite Index wavered between gains and losses. By early afternoon, it was up 0.5 percent at 3,312.56. Japan’s Nikkei 225 was down 0.4 percent at 18,374.39 and Australia’s S&P/ASX 200 slipped 1.6 percent to 5,186.30.
South Korea’s Kospi was up 0.6 percent to 1,930.37 while Hong Kong’s Hang Seng was down 0.1 percent to 21,315.36. Stocks in Southeast Asia were mixed.
Global stocks started the new year on a grim note as poor manufacturing reports from China and the U.S. triggered fears about waning growth around the world. The steep fall in Chinese markets on Monday prompted authorities to halt trading by using a new “circuit-breaker” mechanism for the first time.
12:54 LOCAL TIME 09:54 GMT