China stocks dive after crackdown on margin trading

Chinese shares dived on Monday, with the key Shanghai index tumbling the most in more than six years, led by brokerages after regulators took measures to clamp down on margin trading.

The benchmark Shanghai Composite Index plummeted 7.7 percent to end at 3,116.35 points, the steepest daily fall since June 2008. The Shenzhen Component Index sank 6.61 percent to end at 10,770.93 points.