(Yicai  Global) May 8 -- Stock markets on the Chinese mainland finished the  rollercoaster day in negative, after a sharply lower open and a steady  rebound to positive, the markets finally surrender to selling pressure  in the afternoon.

The Shanghai Composite Index closed down 1.12  percent at 2,893.76, the lowest close since February 22, the Shenzhen  Component Index finished 0.96 percent lower at 9,002.53. The ChiNext  Price Index, which tracks growth enterprises listed in Shenzhen, ended  down 1.48 percent at 1,481.87,also the lowest closing point in more than  two months.