Shanghai Composite Index hits new 2012 low

China shares extended losses on Monday, sending the Shanghai Composite Index below 2,000 points to a new low for the year as losses for Chinese property developers and premium alcohol producers deepened.

The Shanghai Composite was down 0.8 per cent at 1,999.11 at 1:25 pm, its lowest intra-day level since early 2009. The CSI300 Index of the top Shanghai and Shenzhen listings was down 1 per cent.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1086063/shanghai-composite-index-hits-new-2012-low