"Global Markets Brace for Impact: China's Stock Dump and Fed Decision"

Chinese stock markets resumed their sell-off despite government efforts to slow the decline, with Hong Kong's Hang Seng index falling 2.3% and the Shanghai Composite shedding 1.8%. Property stocks, including Hang Lung Properties and Longfor Properties, were among the biggest fallers. The suspension of trading for China Evergrande continued after a 21% fall on Monday. A ban on short selling announced by the China Securities Regulatory Commission over the weekend may have slowed the selling on Monday, but it resumed on Tuesday. Analysts believe the selling is driven by investors seeking to exit and put their investments elsewhere, with growing concerns about state control and China's trade skirmishes with the U.S. and other western countries.