China State Media Seeks to Calm Investor Nerves After Stock Rout
- CSI 300, Hang Seng indexes rise for first time in four days
- Chinese state media seeks to reassure investors shaken by rout
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Stocks in China and Hong Kong halted a three-day rout as the Chinese state media sought to reassure investors shaken by the government’s regulatory crackdown.
The CSI 300 Index ended 0.2% higher after a volatile session that saw it swing between gains and losses more than a dozen times. The Hang Seng Index closed up 1.5% after falling 1% earlier in the day and briefly entering a bear market. Both gauges are down about 18% from their February peaks.