Beijing - China's two stock markets fell sharply Monday despite new rules designed to boost the markets and a global rebound sparked by the US government's bailout of two troubled mortgage giants.
The key Shanghai Composite Index, which tracks shares traded in foreign and local currencies, lost 59.03 points, or 2.68 per cent, to end the day at a 21-month low of
2,143.42.
State media said concerns over slower economic growth and continuing slumps in petrochemical and property shares prompted Monday's fall in Shanghai and the smaller Shenzhen Compenent Index, which also lost about 3 per cent.