After Standard & Poor's announced that it had lowered US long-term sovereign credit rating from AAA+ to AA+ last Friday, China's A-share market fell dramatically along with markets around the world when trading began on Monday. Yesterday, the Shanghai Composite Index opened below 2,600 points and closed at 2526.82 points, down 99.61 points on Friday's close, a fall of 3.79%. The market capitalization of the Shanghai A-share market declined by over 1 trillion yuan to 24.76 trillion yuan.

Source
Beijing News

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