Chinese shares recovered a little from the previous losses in the morning session on regional markets gains.
The benchmark Shanghai Composite Index rose 130.11 points, or 3.55 percent, to close at 3,799.01 points in the morning session. Traded between the highest 3,804.09 points and the lowest 3,677.82points, with a turnover of 51.45 billion yuan (7.35 billion U.S. dollars).
The Shenzhen Component Index ended up 716.36 points, or 5.74 percent, to 13,205.38 points, and the total turnover was 7.84 billion yuan.
The Hushen 300 Index, which accounts for 60 percent of the market value in China's stock market and reflects the performance of China's Shanghai and Shenzhen stock exchanges closed at 3,936.96 points, up 4.60 percent.
Analysts attributed the rise to rally regional stock market. They said the government's move to raise the deposit reserve requirement ratio did not affect the market a lot.
The action that the U.S. Federal Reserve slashed a key interest rate by three-quarters of point Tuesday has pulled up the U.S. stock market. The Dow Jones industrial average finished the Tuesday up 420.41 points at 12,392.66.
China's central bank decided on Tuesday to raise the deposit reserve requirement ratio of commercial banks to a record high of 15.5 percent as of March 25, the second such move this year.
Chinese shares sank on Tuesday with benchmark Shanghai Composite Index ended at 3,668.90 on Tuesday, down 151.15 points, or 3.96 percent, the lowest point in about eight and a half months.
Source: Xinhua
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