CHART: This year's Chinese stock market gains have just been wiped

China’s stock market has had a session to forget on Monday.

At the close the benchmark Shanghai Composite index lost 8.492%, its largest one-day percentage decline since February 27, 2009.

The decline, the latest in a long line of steep market falls, has now seen the index move into negative territory for calendar year 2015.

It’s now down 0.91% having been up close to 60% on June 12.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.