By GREGOR STUART HUNTER and SHEN HONG
China’s main stock index entered bear-market territory Monday as a surprise interest-rate cut over the weekend failed to lift the market amid concerns over investors’ debt levels, while uncertainty about Greece shook sentiment elsewhere in the region.
The Shanghai Composite Index closed down 3.3% after a day of choppy trading in which the market shifted regularly from positive to negative territory. The index is 22% lower than a high on June 12, crossing a 20% threshold that defines a bear market.
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China is in a bear market - Shanghai Composite Index has fallen around 22%
