China’s Shanghai Composite fell approximately 32% during the 2015 stock-market crash.
The Shanghai Composite had risen dramatically from mid-2014 into June 2015, encouraged by strong retail participation, margin financing, and expectations that economic reforms would support growth. The index peaked on June 12, 2015, and then entered a steep decline.
By August 2015, the market had lost roughly a third of its value from its peak. The Chinese government responded with measures including limits on some selling, investigations of market activity, and support efforts involving state-linked institutions. These actions became part of a wider debate over market intervention.
The Chinese turbulence was separate from the 2015 global “Black Monday” episode, although international investors connected the two through concerns about China’s economy and commodity demand. The Shanghai Composite later experienced further volatility in 2016.