China market tumbles on talks of govt support measures exit, economy fears

Mainland China's stock market suffered their biggest one-day decline in more than eight years on Monday, 27 July 2015, pressured by concern about exit in government new capital inflows as well as disappointing industrial data figures. Risk off selloff also fueled by tracking losses in the U.S. market on Friday, pullback in commodity prices, and amid expectations for U.S. interest rates to rise later this year. The benchmark Shanghai Composite Index tumbled 345.35 points, or 8.48%, to finish at 3725.56 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, declined 7%, or 162.61 points, to 2160.09 points.

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