“I’ll be surprised if the syndicates will rush their clients out now with the broader sentiment much weaker globally”, Ken Lee, Managing Partner at Ark One, a Hong Kong-based credit fund, said.

Nearly all individual shares in the Stoxx 600 were up, and there was a 9.5 percent boost for Swiss pesticide firm Syngenta as news broke that Monsanto was back with an improved offer.

The People’s Bank of China auctioned 150 billion yuan (US$23.4 billion) of seven-day reverse-repurchase agreements, according to traders at primary dealers required to bid at the auctions.

Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, retreated 0.64 percent to 61.7 HK dollars. Fuji Media was down 3.81% to JPY1,413, Nippon TV was down 4.85% ay JPY2,120.00 and Shochiku was down 4% at JPY960.

Chinese shares closed lower on Tuesday while other Asia stocks regions began to rebound from “Black Monday“.

“The manufacturing side of the Chinese economy has been struggling for some time and the construction sector has been hit by oversupply and soft demand”.

More than 90 million individual investors now have stock accounts in China, a constituency that’s bigger than the ruling Communist Party. “That’s not a direct rescue of the stock market, but eventually will be more helpful”.

The benchmark Hang Seng Index dropped 1,158.05 points, or 5.17 percent, to close at 21,251.57 points.

Elsewhere, the benchmark indexes in India, Indonesia, Malaysia and Singapore were up 1-2%, while the Taiwan Weighted average soared 3.6%.

“That shows to investors around the world the Chinese are running out of room in terms of being able to support the market”, Ankur Patel, chief investment officer at R-Squared Macro Management, told Bloomberg News. Wynyard Group shares fell 3.1% after the intelligence software developer posted a wider USD17.6 million first half loss.

As of June 2015, there were 1,063 companies listed with over 3,700 stocks and bonds at the Shanghai stock exchange (SSE), which was founded in 1990. In India, the Sensex index was off by 5.94% to close Monday at 25,741.56. “Having said that, even if [growth] drops to 5 or 6 per cent, it is still a very high level compared to the rest of the world”, said Dr Lo.

“It’s totally premature to speak of a crisis in China“, Carlo Cottarelli, IMF executive director representing countries such as Italy and Greece on its board, told a press conference, reiterating the global lender’s forecast for a 6.8% expansion of the Chinese economy this year, below the 7.4% growth achieved in 2014. By ordering state companies to buy up shares, requiring long lock up periods and banning new IPOs, it has demonstrated government concern that the worsening economic fundamentals should not be allowed to be reflected in share prices.