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SEOUL Authentic Radek Faksa Jersey , July 29 (Xinhua) -- A recent stock market meltdown in China had wiped out about a third of market valuation in less than a month, but fast government reaction to the fluctuations rapidly stabilized the market, researchers here have said.


"Recent turmoil should be seen as a sharp fluctuation rather than a sharp decline because Chinese stocks remain in a positive territory given the 12-month stock moves though the market plunged temporarily," said Jee Mansoo Authentic John Klingberg Jersey , a research fellow at Korea Institute of Finance (KIF) in Seoul.


The volatility would have a limited impact on the world's second-largest economy as it was a one-off fluctuation, Jee added. China's second-quarter GDP expanded 7 percent on a yearly basis.


China's benchmark Shanghai Composite Index tumbled more than 30 percent to 3,373.54 on July 9 after peaking to 5,178.19 on June 12. After swinging between gains and losses Authentic Dan Hamhuis Jersey , the market rapidly got back to a stable track on the back of government support measures, to close at 4,070.91 on Friday.


The Shanghai index plunged 8.5 percent to settle at 3,725.56 Monday Jason Spezza Jersey , but it could be within an extended range of recent corrections. "There's no one who cast doubts on the long-term growth of the Chinese economy. Capital power of Chinese investors gets stronger, and many investors are looking at the long-term growth potential," said Kwak Joong-bo, former stock analyst at Samsung Securities who became a professional investor two years ago.


At its peak on June 12 Alexander Radulov Jersey , the domestic A-share market's total capitalization came to 29.1 trillion yuan (4.76 trillion U.S. dollars), about 80 percent of which were held by individual investors.


"It's good for stock investors to have the government on their side," said Han Jae-jin, a senior research