The Shanghai Composite Index fell into correction territory today on worries of a bubble in China's equity market. The benchmark index closed down 6.4 percent marking the biggest weekly.
Shaun Rein, China Market Research Group says the market fall is due to panic among investors. "The prices in the market have gone way up as retail investors are exiting the market really fast," he says.
Rein believes the market may correct further by 5-10 percent.
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