China market extends losses on growth concerns

Mainland China's stock market finished the session sharply lower on Monday, 3 August 2015, after slowing domestic manufacturing activity weighed on the investor sentiments. The benchmark Shanghai Composite Index ended 40.82 points, or 1.11%, down at 3622.91 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 2.72%, or 57.51 points, to 2053.13 points.

The China's Caixin manufacturing PMI, the index formerly run by HSBC, inked a result of 47.8 in July, well below the 50 point mark which separates expansion from contraction. The result was the lowest point for the read in two years, and a sharp fall from the 49.4 result in June. On Saturday, the government's official manufacturing purchasing managers index slipped to 50.0 in July from 50.2 in June.

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