Chinese stocks post biggest daily drop since July last year

• CSI 300 -2.3%
• Shanghai Composite -2.6%

Here's a look at the charts:

Coincidentally, the drop in the CSI 300 index is now bringing it close to the July low of 4,663.90. A break below that could exacerbate further declines in Chinese stocks so just be wary of that in the sessions ahead.