China’s stock market is set to fall for a second day in a row after a sharp sell-off on Monday.
The Shanghai Composite index fell 1.7 percent in early trading Monday morning, the worst-performing day for the market since August of last year.
The drop came after a weaker-than-expected quarter for China’s economy, with the government struggling to keep the economy on track, amid the global financial crisis and a massive debt crisis.
The market had gained a bit since Monday morning after the Shanghai Composite hit an all-time high of 6,938.46 points on Wednesday.
But the market is expected to fall back to the mid-6,000s by mid-morning.
The Nasdaq and London’s FTSE 100 are both expected to drop further as investors start to focus on a more balanced and sustainable economic outlook.
The Dow Jones Industrial Average and S&P 500 both fell 3.3 percent Monday, while the Nasdaq Composite and Russell 2000 all fell by 1.6 percent.
Meanwhile, the Nasblextracts index, which tracks the performance of a broad group of stocks, fell 0.2 percent.
The S&s Dow Jones Indices and the Russell 2000s rose 0.1 percent.
The Dow Jones S&acks and Russell 3000 also rose 0,1 percent and 0.6, respectively.
The Nikkei 225 index fell 2.5 percent.