(MENAFN- Khaleej Times)Chinese shares on Monday were back in negative territory following substantial gains on Thursday and Friday as the government continued to investigate allegations of market manipulation.The benchmark Shanghai Composite Index dipped 0.89 percent at 3203.56 points.The Shenzhen Component Index opened 0.87 percent lower at 10706.23 points Xinhua news agency reported.The ChiNext Index China's NASDAQ-style board of growth enterprises opened 1.24 percent lower at 2056.29 points.A journalist an official with China's securities watchdog and four senior executives of CITIC Securities China's largest brokerage were placed under "criminal compulsory measures" on Sunday for market manipulation and trading violations.Since mid-June China has rolled out a slew of measures to stabilize its volatile stock market with a focus on pumping funds into the system.Despite this key indices have continued to nosedive over the last fortnight. This crackdown on illegal trading indicates that the government is diversifying its measures.
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