Chinese Stocks Are Unnerving Investors Again as Losses Steepen

  • Shanghai Composite is falling at fastest pace in four months
  • Volatility is climbing after dropping to multi-year lows

Investors stand at trading terminals at a securities exchange house in Shanghai.

Photographer: Qilai Shen/Bloomberg
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The stability in China’s stock market this year is showing signs of cracking.

The Shanghai Composite Index has lost 3.2 percent in a four-day slump, the steepest such decline since mid-December. The psychologically key 3,200 level has been breached for the first time in two months, the gauge has dropped below its 100-day moving average, while a measure of volatility is climbing.