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Chinese shares buffeted by renewed volatility

Chinese stocks on Wednesday afternoon reversed a morning slide in which key indices fell more than 5 per cent.

On a volatile day’s trading the Shanghai Composite was up 1.1 per cent half an hour before the close after falling as much as 5.1 per cent in the morning, while the Shenzhen Composite was up 1.9 per cent, having tumbled as much as 5.3 per cent.

On Tuesday an aggressive late-day sell-off pushed the Shanghai benchmark down 6.2 per cent and Shenzhen down 6.6 per cent — their worst one-day drops since July 27.

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