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China shares post biggest 1-day drop in a month

Chinese shares posted their biggest one-day fall in a month yesterday, with indices closing more than 6 per cent lower after a late sell-off.

The Shanghai Composite fell 6.4 per cent to 2,741.2, having been down as much as 6.8 per cent in the final 15 minutes of trading. The tech-focused Shenzhen Composite shed 7.3 per cent to 1,738.67, while the CSI 300 — comprising the top 300 stocks on the two bourses — ended down 6.1 per cent.

All three benchmarks are down more than 20 per cent so far this year.

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