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KUALA LUMPUR, Malaysia (AP) — With Boston no longer in contention, IOC leaders encouraged the U.S. on Tuesday to "make the right choice" and put forward a new candidate city for the 2024 Olympics. Two-time Olympic host Los Angeles could fit the bill perfectly, according to several IOC board members.
Chinese shares sank Tuesday morning, a day after Shanghai's steepest slide in eight years, defying renewed government vows of support that analysts warned were not enough to settle nervous investors. The fresh losses, in a volatile session, came despite an unprecedented effort by the government of the world's second largest economy to shore up prices following a month-long rout. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 1.30 percent, or 28.16 points, to 2,131.93.