investor watch stocks chinese
An investor watches the electronic board at a stock exchange hall on June 24, 2013 in Huaibei, China. Chinese shares dropped remarkably on Monday. The benchmark Shanghai Composite Index down 109.86 points, or 5.3 percent, to close at 1,963.24. The Shenzhen Component Index fell 547.52 points, or 6.73 percent, to close at 7,588.52. ChinaFotoPress/Getty

 

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

The benchmark Shanghai Composite index is currently down 6.04% at 3015.1, extending its losses from the multi-year peak of 5178.2 struck on June 12 to 42%.

It is now trading at the lowest since December 25 last year, and threatening to fall below the 3,000 point level.

Over the past 12 months the index has trimmed its gains to 36.3%.

The CSI 300 and 500 indices are also down by 6.00% and 7.15% respectively.

The SSE 50, comprising large-cap stocks listed in Shanghai, is outperforming, falling only 4.80%.

Elsewhere the Shenzhen Composite and Chinext indices, brimming with small-cap stocks, are down by more than 6.50%.

As reported by Business Insider