China equities plunged further on Monday after one of the most horrid weeks on record, as investors failed to take heart from efforts by the central bank to support the renminbi.
The CSI 300 Index of bluechips from both exchanges was down 5 per cent at the close.
Swooning stocks followed a ghastly week for mainland exchanges, which saw some $1tn wiped off their value in the first week of the new year. The selloff reverberated around the globe as investors panicked about China’s currency, economy and ability to manage both.
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