Summary The benchmark Shanghai Composite Index jumped 110.39 points to 3,283.44.
SHANGHAI (AFP) - Chinese shares were up 3.48 percent in afternoon trading Wednesday on buying of financial stocks, adding to gains from the previous day, dealers said.
The benchmark Shanghai Composite Index jumped 110.39 points to 3,283.44.
The Shenzhen Composite Index, which tracks stocks on China s second exchange, gained 2.20 percent, or 32.55 points, to 1,509.39.
On Monday, the Shanghai index tumbled 7.70 percent, its biggest fall since June 2008, after authorities moved to rein in risky margin trading business.
But it rebounded Tuesday on better-than-expected economic growth figures and comments by the market regulator which denied the margin trading crackdown aimed to "suppress" a rally that sent the Shanghai market up more than 50 percent in 2014.
"The market continued its rebound from Tuesday, but it s uncertain whether this correction is over," Haitong Securities analyst Zhang Qi told AFP.
"Regulators certainly don t want to see drastic rises and falls in the market. They want healthy and steady development," he said
