AlQa'dah 16, 1436, August 31, 2015, SPA -- Chinese shares tumbled sharply on Monday after substantial gains late last week, as the government clamped down on "false rumours" about the stock market crash, dpa reported. The benchmark Shanghai Composite Index dropped more than 3 per cent in the morning session and was still trading nearly 3 per cent down in the afternoon. The index had recently lost all the gains it made in 2015, which sparked a round of panic selling by investors around the world. Both the smaller Shenzhen Component Index and the ChiNext Index, which tracks tech and other growth companies, on Monday also tumbled more than 3 per cent.
