Shanghai shares dropped 3.12 percent as it is still extending their largest daily loss in more than three weeks on concerns of waning government support.
The benchmark Shanghai Composite Index dropped 3.12 percent, or 116.76 points, to 3,631.40. The index had fallen more than five percent earlier in the morning session.
China’s second exchange the Shenzhen Composite Index, was down 2.98 percent, or 64.76 points.
The government has launched broad-based intervention efforts to shore up the declines, which sent shockwaves through regional markets.
Measures have included barring “big” investors from selling their stakes and cracking down on short-selling — when investors bet prices will go lower.
