Skip to content
Subscriber Only

Chinese Stocks Head for Biggest Two-Day Rebound Since 2008

Video player cover image
Updated on

Chinese stocks rose, capping the benchmark index’s biggest two-day gain since 2008, as unprecedented government intervention helped curb an equity rout that erased $3.9 trillion in less than a month.

The Shanghai Composite Index rallied 4.5 percent to 3,877.80 at the close, adding to Thursday’s 5.8 percent surge. With more than 1,300 companies still halted on mainland exchanges, trading was limited to 53 percent of the market. About 90 percent of stocks that did trade soared by the maximum 10 percent. The rebound helped the gauge climb 5.2 percent this week after tumbling to three-month lows on Wednesday.