Stocks fell across the board Monday, with 2,247 companies falling, leaving only 77 gainers.
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Chinese shares slid more than 8 percent Monday as an unprecedented government rescue plan to prop up valuations ran out of steam, throwing Beijing's efforts to stave off a deeper crash into doubt.Major indexes suffered their largest one-day drop since 2007, shattering three weeks of relative calm in China's volatile stock markets since Beijing unleashed a barrage of support measures to arrest a slump that started in mid-June.The CSI300 index of the largest-listed companies in Shanghai and Shenzhen tumbled 8.6 percent to 3,818.73 points, while the Shanghai Composite Index lost 8.5 percent to 3,725.56 points.Stocks fell across the board Monday, with 2,247 companies falling, leaving only 77 gainers. More than 1,500 shares listed in Shanghai and Shenzhen dived by their 10 percent daily limit, led by index heavyweights including China Unicom, Bank of Communications and Petrochina.
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