Words of support on behalf of Chinese stock market regulators could not prevent market from falling again. It already lost about $3 trillion, Bloomberg reports.

According to experts, current situation is a result of weakening internal demand and trade war with the US.

Shanghai Composite Index fell by 1,5% today to the lowest level since November of 2014. Index of consumer stocks dropped the most after data on reduction in sales of passengers cars and online appliances sales in September.

Head of Chinese Securities Regulation Commission said that the country will deepen market reforms and will continue opening it to foreign investors.

Index of country’s stocks lost 19% in last six months, while yuan dropped more than 9%.

Index Hang Seng lost 1,4%. Tencent Holdings Ltd. stocks declined by 1,9%.

Consumer discretionary sector fell by 2,1% showing the largest drop among 10 sectors of CSI 300. Great Wall Motor Co. lost 9,4%, while Qingdao Haier Co. 9,2%.