(Yicai Global) March 25 -- China's stock market failed to rebound and its slump continued today, with net capital outflow of over CNY10.3 billion (USD1.5 Billion) in a zenith unreached since July 2015.

The Shanghai Composite index dropped 1.97 percent at the close to 3,043.03  with  turnover of CNY375.4 billion. The Shenzhen Component Index was down 1.8 percent as the curtain dropped to 9,701.70 on a volume of CNY444 billion. The ChiNext Index fell 1.48 percent to end up at 1,668.84, with CNY121.5 billion swapped.

Military shares, holding companies of units listed the sci-tech innovation board and hemp all continued their rise, while the financial, rare earth and liquor sectors led the retreat.

The Hong Kong Hang Seng Index fell 2 percent to 28,517.29. The Nikkei 225 index wound up 3 percent lower at 20,977.11, its lowest close since Feb. 15 and its biggest one-day drop of the year. The TOPIX index fell 2.5 percent to 1,577.41.

Editor: Ben Armour