Market heavyweight Fast Retailing rose 0.4 percent and robot maker Fanuc gained 1.2 percent while mobile carrier Softbank Corp fell 1.6 percent.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 3.4 percent, to 3,250.49, while the Shanghai Composite Index lost 2.5 percent to 3,080.42 points.

Analysts stated the combined Chinese language outcomes mirrored contradictory elements.

Assurances by China’s central bank governor that financial markets were close to “stabilising” looks to have steadied the stock market at its open on Monday. “Whether this will hold or not remains to be seen”.

The Australian dollar, used as a liquid proxy of China trades, fell to a fresh 6-1/2-year low of $0.6892 early on Monday.

He said it would “take decisive and timely measures” to prevent “severe, abnormal fluctuations in the markets” – contradicting recent speculation that the authorities would not continue with efforts to stabilize the markets indefinitely.

In the face of the latest bout of volatility, G20 finance ministers and central bank heads pledged at the weekend to shore up economic growth and avoid a currency war following China’s yuan devaluation last month that convulsed markets.

Beijing has spent hundreds of billions of dollars to save stock markets that have crashed 40 per cent from mid-June after a spectacular bull run, China’s longest, since last summer.

“I’d expect the government to be reducing intervention”, Mobius, the Franklin Resources Inc. money manager who’s been investing in emerging markets for more than four decades, said in an interview in Hong Kong on Friday.

A man works at Pascal Lighting in Huizhou, Guangdong province, on April 13, 2015. The Shanghai Composite Index SHCOMP, -1.32% was up almost 2% earlier, helping lift shares in the region briefly, before falling back to a loss of 1.3%.

Analysts stated the transfer was not unprecedented.

Banks led the loss as the market speculated that State-backed funds had stopped buying.

China should learn from developed economies on how to improve the top-level design for the market, the CSRC said. The country’s growth target of about 7 per cent this year is the slowest pace in a quarter century. Exxon is down 22 percent this year, Chevron 30 percent.

The final pair of metal field girders is slung to be put in on the Sutong Bridge over the Yangtze River in east China’s Jiangsu province Might 29, 2007.

China worked to soothe concern over its economy at the Group of 20 gathering in Turkey at the weekend, with officials predicting stabilisation in the currency and stock markets in the coming weeks.

China’s top economic planning agency tried to back up that view, saying on Monday that the country’s power usage, rail freight and property market have all shown improvements since August, indicating the economy is stabilising.