A 15% two-day plunge in Chinese shares and a surprise rate cut rattled markets last week as global investors lost confidence in mainland authorities' ability to manage the inevitable slowdown in the world's second-biggest economy. Shanghai's stock market erased all of this year's gains with Monday's 8.5% plunge its worst day since 2007. At Monday's close of 3,209, the Shanghai Composite Index had fallen almost 38% from its 2015 high of 5,166 on June 12. At that high, the index was up nearly 60% on the year and a whopping 151% over 12 months.
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