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Chinese shares tumble 8.5 percent in biggest one-day drop since 2007

Chinese shares slid more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing’s efforts to stave off a deeper crash into doubt. Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China’s volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that started in mid-June.

Japanese fans stake out wedding of 'Korean Wave' star

Scores of middle-aged Japanese women converged on a major Seoul hotel Monday, hoping for a glimpse of their favourite South Korean TV drama star on his wedding day. Actor Bae Yong-Joon, now 42, gained a fervent Japanese fan base in the early 2000s when he starred in the soap opera “Winter Sonata” — a show widely credited with helping launch the Hallyu, or “Korean Wave,” of K-pop and K-drama that