SINGAPORE (July 28): The sell-off in China A-shares in Shanghai and Shenzhen continued unabated for a second day this week despite rumours that Beijing was preparing further measures to prop up the markets.

Chinese retail investors who dominate the market are reportedly losing faith that Beijing’s new market measures will have enough teeth to put a floor underneath the market.

At 11 am, the benchmark Shanghai Composite Index was down another 1.9% or 70 points to 3.650 after yesterday’s steep 8.6% fall while Shenzhen Composite Index was down 225 points or 1.85% to 12,267 points after yesterday’s 7.1% decline.

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