Chinese stocks slump to 15-month low

The Shanghai Composite index slumped to a 15-month low today after data pointed to slowing growth and inflation concerns.

It dipped 0.8% to 2,364 at the close on Monday, its lowest level since April last year. While Shanghai was one of the first markets to recover from the global market downturn, it has fallen 32% since the peak seen in August last year. China fears were sparked last Thursday PMI index fell to 52.1 in June from 53.9 in May. Growth in passenger car sales also slowed in June, an additional indication China's economy may be slowing. Schroders' Robin Parbrook is currently hedging out the most of the market risk in China. "A rebalancing of the Chinese economy is inevitable, I believe th...