Shares in Shanghai's index were down about 4 percent by mid-morning.  In Japan, the Nikkei rebounded from its own drop of 4 percent at the open to rally to positive territory, while Hong Kong's Hang Seng index was up more than 2 percent.

　　On Monday, worries about China's faltering economic growth pushed down stock and oil prices around the world.

　　Shanghai's index dropped more than 8 percent Monday, while Japan's main market lost more than 4 percent and Hong Kong was down more than 5 percent.

　　China Stocks Fall Again, Others Rebound After Global Slump

　　In the U.S., stock markets plunged in early trading and saw a wild swing in prices throughout the day before closing down at least 3.6 percent.

　　Key European indexes were off 4 percent or more.  India's Sensex dropped 5 percent, its steepest drop in six years.

　　Prices for many commodities also declined, with the price of crude oil off by more than 4 percent to hit the lowest price in more than six years.

　　China's growing economy has been a major market for commodities and all kinds of goods for many years.

　　A series of economic shocks, including a falling stock market and a surprise devaluation of the currency, have made investors question the health and growth of the world's second-largest economy.  An economy that grows slowly will need less energy and provide less opportunity for investors in many areas.

　　7 days of losses in Asia-Pacific

　　Monday marked the seventh straight day of losses on key Asia-Pacific market indices, down almost 5 percent, the most since 2011.

　　“I guess the question that people are starting to ask – and certainly I’m asking is how, just how this gets stemmed,” said Sydney-based senior foreign exchange strategist for ANZ Bank, Daniel Bean.

　　Singapore-based Daniel Martin, senior Asia economist for research firm Capital Markets, says China's economy is more stable than many investors realize.

　　“The equity market side; if it is a reflection of China’s economy doing a lot worse than we have previously thought, then that’s obviously a big issue for Asian economies. We don’t actually think that’s the case though. We see it more as a stock market correction that will run its course and should settle down within the next few weeks or so,” he said, adding “I don’t think they’re panicking that the economy is suddenly falling off a cliff, which markets seem to be thinking it is.”