China shares fall 5% to hit three-month low

Monday's fall in share prices followed a 10% plunge last week which triggered a global sell-off of riskier assets

Chinese shares fell 5% to a three-month low after confusion about the direction of the Chinese currency caused wild gyrations on Asian stock markets.

A late rush of selling in Shanghai sent the CSI 300 index down 169 points to 3,192 points - its lowest since the aftermath of the summer crisis.

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