China stocks hit two week low

Chinese equities experienced sharp decline reaching biggest low in two weeks. Shanghai Composite Index decreased 18.5 points, or 0.7%, closing at 2,509.8 which is the biggest drop since October 21. Fall in markets is associated with investors' fears that Chinese government will not apply expansionary monetary policy despite economy slowdown. Concerns were fuelled by Chinese PM's announcement that country will stick to curbing property industry until housing prices decline.