Shares in mainland China bounced back significantly on Wednesday as the government’s moves to calm investors restored some stability to the market.
The benchmark Shanghai Composite closed 3.4% higher at 3,789.17 – ending a three-day slide that included an 8% plunge on Monday.
Authorities tried to calm markets with a probe into illegal share “dumping”.
They also pledged to buy stocks, while the central bank hinted at possible further easing.
Investors’ confidence was also boosted by a higher close overnight for Wall Street, with the Dow Jones breaking a five-day losing trend.
Hong Kong’s Hang Seng was also higher, ending up 0.5% to 24,619.45 points.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.