Affected by investor's worrying about interest rates rising, China's Shanghai Stock Exchange composite Index (SSI) fell 151.15 points,or 3.96 percent,to reach 3668.90 on Tuesday afternoon, which reached the 8-month-lowest record since July 2007. Shenzhen Stock Exchange component index fell 718.76 points,or 5.44 percent to reach 12489.02.

Most investors are concerned that the high-record inflation would drive China governors to raise the interest rates or enact other tight monetary policies. China's CPI of February reaches new high record to 8.7persents.

Chinese Premier Wen Jiabao said on Tuesday that China's CPI to increase 4.8 percent in 2008 would not be easy.

China State Shipbuiding Corp. fell 9.25 percent to get 128.04 yuan when Shanghai trade market closed, despite noticing that its net profit in 2007 more than doubled.

China Railway Construction Corp. fell to 10.60 yuan during Tuesday's trading in Shanghai stock market.

The Tibet related shares fell for a second day, dragged downed by the unrest in Lhasa last week, Lhasa is the capital of Tibet, where eighty persons died in a wave of unrest.

Technology issue Tibet Galaxy fell 7.35 percent to 8.32 yuan while Tibet Pharmaceutical fell 6.72 percent.

Central Bank of China announced to raise rates of 0.5 percent on Tuesday Evening.

Meanwhile,Hong Kong's Hang Seng Index (HSI) rebounded on Tuesday, rose 187.17 points or 0.89 pencent, to reach 21,271.78 when market closing.