Soothing words from state media appear to have had their desired effect on China’s markets, with the Shanghai and Shenzhen bourses on Tuesday partially recovering from last week’s hefty declines.
The Shanghai Composite finished Tuesday with a 2.2 per cent gain — its best day since June 1 — after stumbling as much as 4.7 per cent in morning trading.
The volatile session, which was the first day of trading after a long weekend, followed the worst week for Chinese stocks since 2008. Some $1.3tn was wiped off China’s stock market last week, more than the entire value of Australia’s stock market, according to Bloomberg.
您已阅读30%（620字），剩余70%（1421字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。