Chinese stocks rallied on March 16 after days of losses, as the State Council met to discuss support for the market.
After reaching a ten-year low on Tuesday, the Hang Send rose by 9.09 percent – the biggest rise since previous lows – to 20088.1. The Hang Seng Tech Index had grown 22.19 percent to reach 4242.99, a record one-day rise. The Shanghai Composite Index rose 3.48 percent to 3170.71, The Shenzhen Component Index was up 4.02 percent to 12000.96 points, the ChiNext by 5.2 percent to 2635.08.
The State Council met on Wednesday to discuss the economic situation and problems the market is facing. Regulators from China and the US are in talks and will work together to find solutions for the China concept stocks.
