China market rallies 4.9% on speculation of state-led buying

The Mainland China's stock market posted a strong gain on Wednesday, 16 September 2015, as investors chased for bottom fishing across the board late afternoon on tracking overnight rally on Wall Street overnight and speculation of intervention from Beijing. The Shanghai Composite Index rebounded 4.89%, or 147.09 points, to 3152.26 points, halting a two-day, 6.1% loss. The Shenzhen Composite Index, which tracks stocks on China's second exchange, jumped 6.52%, or 103.10 points, to 1683.56. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, jumped 7.6%, or 128.69 points, to close at 1926.24.

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