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.
