Urgent: Chinese shares sink below 3,000 points

BEIJING, Aug. 25 --Chinese stocks had another nightmarish day Tuesday amid global rout.

The benchmark Shanghai Composite Index fell 7.63 percent to 2,964.97points, following the 8.49-percent loss on Monday in its biggest daily slump since February 2007. The Shenzhen Component Index lost 7.04 percent to close at 10,197.94 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, fell 7.52 percent to close at 1,990.71.

Japan's Nikkei 225 Index dived 3.96 percent to close at 17,806.7 on Tuesday.

Overnight, The Dow Jones Industrial Average tumbled 3.58 percent to 15,871.28. The S&P 500 lost 3.94 percent and The Nasdaq Composite Index sank 3.82 percent.

European equities also dived on Monday following the previous session's steep decline, as the Stoxx Europe 600 was down over 6 percent and Germany's DAX fell 4 percent.