Stocks extend last month's rout

There's a spillover of psychological fear from a decline in US stocks and ahead of holidays, says an analyst

Chinese mainland stocks fell, extending last month's rout, as traders unwound bullish bets and oil's drop below $30 a barrel weighed on energy producers.

The Shanghai Composite Index slid 0.4 percent to 2,739.25 at the close, extending its slide this year to 23 percent. China Coal Energy Co and PetroChina Co led a gauge of energy companies to a record low. Developers gained after the central bank lowered mortgage down payments for first-home buyers.