Shanghai Composite Index Fell 1.67% on Tuesday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.67% on Tuesday, while the Shenzhen Component Index (399001.SZ) fell 1.97%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 1.87% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 1.98%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Honda’s China Venture Cuts 7% Jobs as Sales Slide in Electrification Race