Shares in China fell by 3% on Monday morning as further economic data did nothing to allay fears that economic growth in slowing.

The Shanghai Composite fell as low as 3% before settling at around 2.67% down. It comes after figures show that fixed-asset investment in China has grown by 6.1%, down on expectations and August's 10.9% rise.

The Shanghai index has now lost more than 40% of its value since mid-June. Hong Kong's Hang Seng index was up slightly on Monday, however, at 0.16%.

The biggest losers were four of China's largest brokerage firms, which fell 7% after they were collectively fined 178.5m yuan ($28m; £18m) for failing to carry out proper check on clients.