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Bears ignore PBOC to maul China stocks

From cnbc.com

Equities in China finished in bear-market territory on Monday, even as the country's central bank rolled out a bigger-than-expected easing package over the weekend aimed at stabilizing the market. The benchmark Shanghai Composite opened up almost 1 percent briefly before slipping deeper into negative territory over the course of the day, losing as much as 7.5 percent to hit an intra-day low of 3,875.04. The Shanghai bourse eventually clawed back some lost ground to end down 3.3 percent at a more than two-month low. Since June 12, the benchmark index has fallen 21.5 percent from a high of 5166.35, breaching the 20 ... (full story)

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