China stocks fell sharply again on Monday, reaching eight-month lows, as investors saw hopes for a strong economic recovery fade and worried about fresh regulatory curbs on speculation.

Following the market’s nearly 3 percent slump on Friday, China’s blue-chip CSI300 index .CSI300 fell 2.1 percent, to 3,065.62, while the Shanghai Composite Index .SSEC lost 2.8 percent, to 2,832.11 points.

China April trade data, released on Sunday, doused investor hopes of a sustainable economic recovery, with both exports and imports falling more than expected.

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