A range of extra measures aimed at calming Chinese stock markets had the desired effect on Tuesday, sending share prices soaring and halting a two-week slide.
The Shanghai Composite closed the day with a 5.5 per cent gain, having at one point been as much as 5.1 per cent lower. The Shenzhen index also reversed course to rise 4.8 per cent, while the small-cap ChiNext board swung from a 8.1 per cent drop in the morning session to finish 6.4 per cent higher.
The gains snap a losing streak that has wiped more than $2tn off the market capitalisation of companies listed on China’s two stock exchanges since June 12.
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