Correct

重挫

/ chóng cuò /
Strokes

Definition

devastating setback/slump (in stock market etc)/crushing defeat/to cause a serious setback/to plummet

Example

As a Verb

defeat (or frustrate, discourage) heavily

1
Zuó
昨日
shì
股市
zāoshòu
遭受
chóngcuò
重挫
  

The shares plunged yesterday.

2
Chóngcuò
重挫
jūn
敌军

soundly defeated the enemy troops