Weak GDP numbers sent stocks tumbling in Shanghai as well. The Shanghai Composite Index (SHA:000001) fell 56.39 points or 2.4% for the day. Had it not been for a small advance of index heavy weight Industrial and Commercial Bank of China (SHA:601398), the largest financial institution in the world, the index would have fallen a lot harder. Every sector fell except for financials. Investors hope for an end to monetary tightening amid slower economic growth and falling property prices in the wake of strict lending rules.