Chinese shares climb 3% after Monday’s drop

Chinese shares climb 3% after Monday’s drop

Chinese shares have recovered some of Monday’s fall, with the Shanghai Composite Index breaking a three-day slide to close up 3.5 percent today and the CSI300 index climbing 3.1 percent.

Beijing have introduced further measures to control the volatile stock markets, which fell more than 8 percent on Monday.

China’s securities regulator announced probes into share “dumping” and pledged to buy stocks to calm the market, while the central bank hinted at more policy easing.

“The possibility for A shares to rebound in the following month is quite big given liquidity is rich in the market now and short-selling ability has been largely curbed,” said Zhang Qi, an analyst at Haitong Securities in Shanghai told Reuters.