Chinese shares continued to decline at the end of today’s trading, as the “Shanghai Composite” fell at the largest pace since July, amid a decline in technology sector shares.

The Chinese technology index, known as the “Hang Seng”, recorded a decline of 21% over the past two weeks, as rising borrowing costs deepened concerns related to stock valuation.

The performance of Chinese stocks declined despite the positive economic data that indicated that exports in China rose at the highest rate ever, by 154.9% in February on an annual basis.