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China Crashes at the Open: Shanghai, Shenzhen Stocks Tumble

China’s fall is the latest in a series of jarring declines that have defied multibillion-dollar government efforts to stem a slide in prices following an explosive market boom. (AP)

From Business Insider:

After being obliterated on Monday, suffering the largest decline since February 2007, China’s share market is being hammered yet again today.

At the mid session break the benchmark Shanghai Composite index is down 4.33% at 3071.0605 points, extending its losses from the multi-year peak of 5178.2 struck on June 12 to 40.69%.

It is now trading at the lowest since February 9 this year.

Read the rest of the story here.

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