This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-34070453
The article has changed 7 times. There is an RSS feed of changes available.
| Version 3 | Version 4 |
|---|---|
| Chinese shares higher on back of global rebound | Chinese shares higher on back of global rebound |
| (about 4 hours later) | |
| Chinese shares have returned to positive territory after massive losses there earlier in the week rocked markets around the globe. | |
| The Shanghai Composite was up by 0.6% to 2,942.94 points. | |
| The turnaround though does little to make up double-digit percentage losses made so far this week. | |
| Shares elsewhere in Asia also made gains in early trade on the back of a jump on Wall Street on Wednesday, which saw its biggest rise in four years. | Shares elsewhere in Asia also made gains in early trade on the back of a jump on Wall Street on Wednesday, which saw its biggest rise in four years. |
| The mood was lifted by remarks by US Federal Reserve official William Dudley, who said the case for a rate rise, which had seemingly been on the cards for September, now seemed "less compelling". | The mood was lifted by remarks by US Federal Reserve official William Dudley, who said the case for a rate rise, which had seemingly been on the cards for September, now seemed "less compelling". |
| In other Asian markets on Thursday: | |
| Fears easing | Fears easing |
| Severe losses on the Chinese market over the past week had sent shockwaves around the globe. | |
| A move by the country's central bank, the People's Bank of China, to cut its key lending rate on Tuesday initially failed to calm the Chinese market. | |
| Concerns about China's slowing economic growth have been rising for months with a constant trickle of poor economic data, the latest of which last Friday suggested that factory activity shrank in August at its fastest pace in more than 6 years. | |
| Analysts believe the tentative share market rebound indicates fears over China's woes may have somewhat eased. | |
| Read more: The six Cs of the China stock slump | Read more: The six Cs of the China stock slump |
| The stocks fall in facial expressions | The stocks fall in facial expressions |
| Read more from our experts: | Read more from our experts: |
| Andrew Walker: China's slowdown and cheap oil | Andrew Walker: China's slowdown and cheap oil |
| Robert Peston: China's woes and a still flawed global economy | Robert Peston: China's woes and a still flawed global economy |
| Duncan Weldon: What next for the global economy after China market woes? | Duncan Weldon: What next for the global economy after China market woes? |