(Yicai Global) July 17 -- China's mainland stock markets leveled out today after a week of upheavals which brought an end to a record two-week rally.

The Shanghai Composite Index finished the day up 0.13 percent at 3,214.13. The Shenzhen Component Index was at 13,114.94, a rise of 0.91 percent and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, rose 0.61 percent to 2,662.40.

The markets started the week at the highest level in years with the major indexes gaining over 15 percent since the start of the month. The rally ended on Tuesday when the markets started a big correction. New economic data released on Thursday failed to prop up investor sentiment, which might have harbored unrealistic expectations, and the major indexes fell by as much as 6 percent that day.

The Shanghai Composite Index ended the week down 5 percent, the Shenzhen Component Index dropped 4.07 percent and the ChiNext Price Index slid 4.18 percent.

Editor: Kim Taylor