When Wang Yuchun first invested in China's stock market, in early January 2007, the country's CSI 300 index of domestic stocks was just above 2,000 points. Only ten months later it had skyrocketed to 5,891, nearly tripling his portfolio, to 800,000 yuan ($116,000) - equivalent to what the 32-year-old Beijing real estate agent could expect to earn in ten years. As dizzying as the market's ascent was, its decline has been just as abrupt and severe. Fears about a slowing domestic economy and the impact of the global credit crisis have brought China's stock market back to earth with a thud. The China Securities Index Co.'s benchmark plunged 62 percent from the peak, to about 2,240 late last month, giving Wang and other new investors a brutal crash course in stock market volatility.
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