The Shanghai Composite fell to its lowest reading since November 2014 on Monday, losing 1.1% amid anticipations of new tariffs from the White House on Chinese exports.
The index closed at 2651.79, in similar territory to the highly volatile boom and bust cycle of 2014-15, the Wall Street Journal notes.
Trading volume on the mainland’s two stock exchanges both plummeted, with transactions valued at roughly half the daily average of Rmb 500 billion seen during the market’s rally in January.
Investors were also wary of disappointing activity data for the month of August, released late last week, which showed fixed asset investment growth for the year reach a record low.
The Hang Seng also dropped 1.3%, with Chinese firms such as Tencent and Geely among the biggest losers.
