China stocks extend rout

China's stock market tumbled again on Tuesday, 07 July 2015, defying raft of government support measures unleashed over the weekend to calm jittery investors that has wiped an estimated $3.2 trillion off markets and threatens the world's number-two economy. The Shanghai Composite Index dropped 48.79 points, or 1.29%, to end at 3727.12. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slumped 5.34%, or 109.02 points, to 1,932.83 .China's benchmark stock index has registered fourth session of the drop in past five sessions.

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