Chinese stocks tumble towards correction territory

Source: Marketwatch
© Scanpix/Reuters
Chinese shares declined for the second consecutive trading session and toward bear territory, as investors were disappointed that the Chinese government has not added further stimulus to the financial system and amid continued worries about overpriced startup stocks. The Shanghai Composite Index dropped 7.4% to 4,192.87 points, while the Shenzhen market plummeted 7.9%. 
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