After stocks on mainland China were rocked on Monday by their worst day of trading since 2011, investors are undecided over whether the three-month bull-run in Chinese shares is over.

While there are signs that the all-important contingent of retail investors is calling it a day, some say the recent fall was only natural after the market rose so quickly, and they are holding on for further gains.

Trading has been topsy-turvy in Shanghai. On Monday, the Shanghai Composite plummeted 3.7% after Beijing announced new tightening measures to control the housing market, pushing shares of Chinese developers off a cliff.

On Tuesday, the market made a substantial recovery, ending up 2.3%. Stocks recovered as China