The Shanghai Composite has fallen further into bear market territory, tumbling 3.8% to 1,888.68.
Markets continue to be concerned about a liquidity crunch that could hurt already slowing economic growth.
It has been argued that Chinese policymakers are willing to settle for some short-term pain in order to move towards more stable, longer-term growth.
The SHIBOR fix, Shanghai Interbank Offered Rate, for June 25 fell 75 bps to 5.7360%.
Here’s a look at the five-day chart of the Shanghai Composite:
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