The Shanghai Composite closed near its best level of the session on Wednesday, after more volatile trading took the index on another dizzying run.
In the first 20 minutes of trading alone, the leading mainland index rose as much as 1.7 per cent but also fell as much as 1.4 per cent.
But a sustained rally during the afternoon took it back towards the previous session’s three-year peak, and it ended the day up 3 per cent at 2,940.87. Its recovery was broad, with every single sector on the index showing gains, led by resurgent financial and industrial stocks.
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