Stocks see biggest fall in 10 years

The country's stock market yesterday suffered its steepest daily fall in the past decade, with the benchmark Shanghai Composite Index plunging nearly 9 percent to close at 2,771.

On Monday, the Shanghai index gained 1.4 percent to 3,040.60, extending a spate of record high closes.

The Shenzhen Composite Index sank 8.54 percent yesterday to 709.81.