Chi­nese stocks fall to 7-month low

New Straits Times - - Business -

SHANG­HAI: Chi­nese stocks dropped to their low­est lev­els in seven months yes­ter­day, con­tin­u­ing a month-long slide sparked pri­mar­ily by a gov­ern­ment crack­down on mas­sive over-lever­ag­ing in the econ­omy that has spooked in­vestors and dried up liq­uid­ity. The stocks fall has re­vived some memories of a 2015 melt­down that saw the Shang­hai in­dex plunge more than 40 per cent in less than three months. How­ever, an­a­lysts said the gov­ern­ment was un­likely to al­low a re­peat of that carnage.

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