The Shanghai Composite Index is anticipated to open lower on Tuesday after falling 1.54 percent to 2,860.70 on Monday, marking a three-session loss of more than 75 points or 2.6 percent. The Shenzhen Composite Index dropped 2.08 percent to 1,548.83. Losses were led by property and resource stocks, with PetroChina plummeting 4.97 percent and Aluminum Corp of China plunging 3.20 percent. The negative lead from Wall Street, where the Dow plummeted 1,033.99 points or 2.60 percent, is weighing on Asian markets amid recession fears following a weak U.S. jobs report.
Aluminum Corp of China LtdAluminum Corp of China plunged 3.20% as property and resource stocks led losses, indicating weak demand for aluminum.
PetroChina Co Ltd Class APetroChina plummeted 4.97% as resource stocks fell, reflecting weak demand for oil amid recession fears.