Update: Shanghai: Stocks swing as government seeks to stop fall

[SHANGHAI] Shanghai stocks traded wildly on Thursday morning, as the government beefed up measures to arrest a market slump, dealers said.

The benchmark Shanghai Composite Index fell as much as 3.81 per cent before rising up to 2.62 per cent. By mid-morning it had gained 0.49 per cent, or 17.17 points, to 3,524.36.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, added 2.05 per cent, or 38.64 points, to 1,923.09.

AFP