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China: Stocks open down about 1.5% after Tuesday's surge

Wednesday, July 1, 2015 - 09:50

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[SHANGHAI] China stocks opened down about 1.5 per cent on Wednesday following the previous session's surge, but recovered some ground and were off by less than one per cent by 0133 GMT (9.33am Singapore time).

On Tuesday, the CSI300 jumped 6.7 per cent in volatile trade as a slew of government measures aimed at stemming a two-week-long market slide appeared to win back some investor confidence.

Analysts said it was to early to judge if Tuesday's rebound was sustainable.

Hong Kong's Hang Seng Index was up one per cent.

REUTERS

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