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Chinese Stocks Rebound in Late-Day Rally

Tuesday, June 05, 2007 5:44:30 AM
By ELAINE KURTENBACH

A Chinese investor walks past an electronic board tracking stock prices at a brokerage in Beijing, China, Tuesday, June 5, 2007. Chinese stocks fell for a third straight day Tuesday following their sharpest one-day drop in three months, extending declines triggered by government efforts to cool the booming market and avert a price bubble. (AP Photo/Ng Han Guan)SHANGHAI, China (AP) - Chinese stocks rebounded in volatile trading Tuesday following their sharpest one-day drop in three months as strong buying by institutions offset selling by retail investors.

The benchmark Shanghai Composite Index gained 2.6 percent to 3,767.10 after a rollercoaster session that saw the index plunge as much as 7.2 percent earlier in the day. It fell 8.3 percent on Monday — the benchmark's sharpest decline since an 8.8-percent drop Feb. 27 triggered a global market sell-off.

The Shenzhen Composite Index for China's smaller second market rose 2.5 percent to 1,066.05.


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