The worst start of October for Chinese equities in decade scares off remaining investors, Bloomberg reports.

On Monday foreign investors dumped 9,7 billion yuan ($1,4 billion) of Chinese shares through exchange links with Hong Kong. Such investors’ favorites as Ping An Insurance (Group) Co., Kweichow Moutai Co. и Hangzhou Hikvision Digital Technology Co., which gained at least 97% last year, were most affected by selloff.

FTSE China A50 Index representing the largest companies in China lost almost 5%, while yuan fell by 0,9% yesterday and lost already 9% in last six months.

Some traders state lack of support from state-bucked funds among reasons for market decline. Investors also concentrated on the recent negative news, including weak manufacturing data.

Some brokerages gave up on supporting Chinese shares. JPMorgan Chase & Co. lowered its recommendations last week after similar steps on behalf of Morgan Stanley, Nomura Holdings Inc. and Jefferies Group earlier this year.

It will be hard for country’s markets to find a ground if foreign investors continue leaving it. Domestic demand is quite muted, while attempts of the state to stop market decline were short-lived so far.