Chinese Stocks Plunge: Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains

Judging by the first few minutes of trading in the first thing to open this evening on the mainland, the CSI 300 Index Futures which immediately tumbled by 4% to 3340, China's attempt to deflect attention from the fact that it did not do a 50-100 bps RRR cut is not doing too well .... http://www.zerohedge.com