Shanghai stocks hit lowest level since 2009  

沪指逼近“1”时代 A股前三季度熊霸全球股市

沪深两市26日单边下挫，沪指跌1.24%盘中失2000点，创近44月新低。还剩两个交易日全球股市即将三季度收官，就目前全球股市表现看，沪指累计8.88%的跌幅令A股前三季度继续熊霸全球。有分析认为，未来还有很多不确定性因素，沪指未来底部在2000点下方。基金公司也对A股未来走势纷纷持谨慎甚至悲观态度。

Shanghai (CNS) – Shanghai stocks tumbled to their lowest level in nearly 44 months on Wednesday, a downward trend financial analysts say could continue.

The benchmark Shanghai Composite Index (SCI) fell to as low as 1,999.48 – below 2,000 for the first time since February 2009 – and struggled to stay above 2,000 points, finishing at 2,004.17.

By Wednesday the benchmark index had lost 8.9 percent this year, the greatest loss in the world, according to data collected by the Securities Channel of chinanews.com.

Concerns over the global economic slowdown led to the plunge, said Cheng Wenwei, manager of China Development Securities. Confidence needs to be restored, he added.

The performance of the real economy, which failed to boost the market, together with possible uncertainty in the coming months may drag the index below 2,000, said Gui Haoming, an analyst at Shenyin & Wanguo Securities.