China's benchmark Shanghai Composite Index fell 37.68 points to 2,927.29 on turnover of 461.8 billion yuan ($72.1 billion). It surged up to 4.29 per cent and was down as much as 3.85 per cent during the day.
The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 3.05 percent, or 53.31 points, to 1,695.76 on turnover of 432.2 billion yuan.