China's stocks slumped on July 26 to their lowest point in three years.
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Fears of the European debt crisis and further domestic slowdown continue to weigh on the market.
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Over 70 percent of shares saw decline. PetroChina's shares inched down to 9 yuan per share from their peak of 48.62 yuan per share.
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Losers outnumbered gainers 705 to 215 in Shanghai and 1,112 to 335 in Shenzhen, according to Xinhua.
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Some investors are still cautiously waiting for more supporting data amid the sluggish market in the hopes of a rebound in the market.
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Lao Ma is well-know among stock investors in Xi'an. Ma has been investing in the stock market for 16 years.
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"Speculating in the stock market is basically my job," Ma told a local newspaper. "I don't care if the market is sluggish, I am in this. As long as the market is here, there's a chance to make money."
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A retired worker named Wang is monitoring the stock market closely, too. The money she puts in the market comes from her retirement pension.
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"Fifty percent of my investment is held up in the market. The only thing I can do is to check the market everyday and wish the market will bounce back soon," Wang said, according to the newspaper.
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Yu, a 78-year-old retired teacher, has gone to the stock exchange every day for 16 years. He always takes notes on the market and analyzes them when he gets home.
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"As long as you do your homework well, you will gain from it," Yu told the newspaper.