China's benchmark Shanghai Composite Index plunged heavily on Monday after weak economic data [HK Corporate Registration]triggered concerns over further economic growth slowdowns.

The benchmark Shanghai Composite Index dropped by 2.86 percent to 1999, falling below the psychological 2000 level.

Analysts said weaker than expected export data triggered concern about China's weakening economy and a weakening yuan is having negative impact on industries, [HongKong Richful  - Hong Kong Company Formation, Offshore Company Incorporation]including property, financial services and mining.

Sectors including travel and hotels, aviation and insurance fell after a Malaysian plane carrying 154 Chinese passengers went missing and what happened to it is still unknown.