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Analysts surveyed in advance expected earnings of .85 per share on .83 billion in revenue.

And it came in the middle of the president's latest controversy — accusations of racism by former adviser Omarosa Manigault Newman and his bitter reaction to them. Trump's statement, distributed to reporters, was dated July 26, 2018, suggesting it could have been held and then released when needed to change a damaging subject. The White House later released a new version without the date.

An online survey last year by Tencent, one of China's biggest online businesses, indicated that nearly 40 percent of middle-aged and senior people had experienced online fraud, mostly related to healthcare products.

Anderson said: "If you look at the number of people in China, that's hundreds of millions of people. It's a big problem."

Analysts from Hebei Yuan Da Security Investment Consulting wrote in a note that the decline mainly came from companies that witnessed intensive trading previously. But the big picture is still a looming strong rebound in the short term.