BLACK MONDAY Major Chinese Stock Market Collapse Continues (1,968 stocks fall10%)

The Shanghai Composite has closed down 8.5% bringing its losses since its mid-June peak to roughly 38%.

The Shenzhen benchmark fell as much as 8.6% breaching the worst point of its summer selloff for the first time. The index is down 21% from its June peak.

Some 1,968 stocks fell by the maximum 10% allowed by regulators on the Shanghai and Shenzhen markets combined, or 68% of all stocks in China.

(via WSJ)