Fears over Chinese growth sent Shanghai stocks tumbling to their lowest level in 14 months on warnings that the country's exports faced “strong headwinds” in the second half of the year.
The Shanghai Composite slid for a fifth session, falling 4.3 per cent yesterday to 2,427.05, its worst one-day drop in six weeks and below a key technical support level, sending a bearish signal to investors.
Jitters were exacerbated after the Conference Board, a US-based research group, revised downwards its data to show the smallest rise in Chinese economic growth in five months.
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