(Yicai Global) Oct. 30 -- China's stock markets stabilized slightly following a sharp fall in the early stages of the trading on Monday. The benchmark Shanghai Composite Index fell below the 3400 points-mark shortly after the opening. The market spent a brief period above the psychological resistance point last week.

The major indexes rebound somewhat from the intraday abyss earlier, and by the time of the market recess at noon,  a chunk of the early losses had been recovered.

The Shanghai Composite Index was down 0.73 percent to 3,392.03 points at the close, and went as low as 3357.28  intraday, with turnover of CNY160.0 billion (USD24.06 billion).

The Shenzhen Component Index fell to 11,353.85 points, down 0.79 percent, but up from the early slump to 11192.18, turning over CNY192.2 billion.

The Growth Enterprise Index, mostly comprising small-cap companies, was down 1.35 percent at 1,870.69 points, also up from the early low point of 1848.04, with CNY53.49 billion exchanged.