Chinese stock market rebounds after China bans major stockholders from selling
The Chinese stock market on Thursday rebounded after a weeks-long slide. The main Shanghai index closed 5.8 percent higher, and the Shenzen and Hong Kong indexes both rose almost 4 percent. Analysts believe the rally can be attributed to the Chinese government banning major stockholders from selling late Wednesday, but economists warn that valuations on small companies still remain too high and the market probably has further to fall. Read more at The New York Times and Bloomberg.
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