The Wall Street Journal reports, "A rebound in China fizzled Tuesday amid worries that Beijing would slow its market rescue, while shares in the rest of Asia gained after Greece secured a bailout deal. The Shanghai Composite closed down 1.2% at 3924.49, knocking off some of the gains from a three-day rally that lifted the benchmark roughly 13%. The index remains down nearly a quarter from its peak on June 12. The smaller Shenzhen Composite Index rose 1.4% to 2149.52 and the small-cap ChiNext board gained 1.6% to 2726.05. Both are off about a third from June highs. 'The government's goal is to sustain the bottom of the market in a sharp downturn, rather than propel it to a new high,' said Li Shaojun, chief strategist at Minsheng Securities. Fears that stock losses could set back Beijing's economic goals sapped appetite for bigger firms, listed in Shanghai, and lifted smaller-cap stocks in Shenzhen, he added."
Reuters writes, "Chinese police in the northeastern city of Shenyang shot dead three knife-wielding Uighur militants screaming for Islamic holy war and wounded another on Monday as they tried to resist arrest, the government and state media said. China's government has repeatedly blamed attacks in the far western region of Xinjiang, home to the mostly Muslim Uighur people, and other parts of the country on Islamist militants. 'When police pursued the terrorist suspects, four terrorists armed with knives resisted arrest. Police fired shots only after the terrorists ignored warnings,' the Shenyang public security bureau said on its official microblog late on Monday. The state-run Beijing News, citing the Liaoning provincial government, said the militants, from Xinjiang, were killed on Monday afternoon after police tried to enter a rented house during a raid."
"Two student leaders of Hong Kong's pro-democracy movement were charged on Tuesday with obstructing the police during a protest last year of a Chinese policy 'white paper' asserting Beijing's complete authority over Hong Kong. Joshua Wong, 18, the head of the student activist group Scholarism, and Nathan Law, 22, leader of the Hong Kong Federation of Students, had set fire to cardboard props representing the document on June 11 last year outside the Liaison Office of the Chinese central government in Hong Kong. The policy paper suggested that 'administrators' of the former British colony, including government leaders and judges, must fulfill the requirement of 'loving the country,' a political litmus test that the protesters and many legal professionals said posed threats to the city's judicial independence. Hong Kong was promised a 'high degree of autonomy' when it returned to Chinese rule in 1997 and enjoys wide-ranging civil liberties unavailable on the Chinese mainland," writes The New York Times.