China stocks end higher after roller-coaster ride

The Mainland China share market sharp higher in roller-coaster trading on Tuesday, 30 June 2015, on speculation the government is preparing measures to prop up the stock market after the key indices plunged more than 20% from a peak on 12 June 2015. The rebound was also propelled by media news that government is considering a delay in the initial public offering and brokerages called on investors and fund managers to take responsibility to stabilise the market after a weekend interest-rate cut failed to stem the bear-market rout. Shanghai Composite Index closed 224.19 points, or 5.5% higher at 4277.22. The index saw a swing from gains to losses of 9%.The Shenzhen Component Index gained 5.7% to close at 14,337.97 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rallied 6.3% to end at 2,858.61 points. The benchmark Shanghai index slid 7.3% in June 2015

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