China market rebounds as intervention restores stability

Mainland China's stock market enjoyed a strong rally in volatile trade on Wednesday, 29 July 2015, as investors chased for bottom hunting on heavily battered stocks after officials stepped up efforts to calm markets. The benchmark Shanghai Composite Index ended 126.17 points, or 3.44%, down at 3789.17 points. The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 4.13%, or 87.11 points, to 2198.81 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 4.33% to end at 2693.87 points.

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