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The Chinese A-share market continued its rebound on Thursday, with the Shanghai Composite Index closing above 3,200 points after a 1.16 percent gain. The Shenzhen Component Index climbed 2.25 percent and the tech-heavy ChiNext Index rose 2.27 percent.
More than 4,900 stocks in the market closed higher, and more than 200 stocks hit the daily limit or rose more than 10 percent. By sector, e-commerce, consumer electronics, baby products and duty-free companies were among the top gainers.
Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Thursday that many stocks surged sharply, leading to a comprehensive rebound, noting that this came as China firmly announced countermeasures against US unilateral protectionist tariffs, showing unwavering resolve against US coercion.
China has launched a raft of measures against the US tariffs, including lifting the additional tariffs on goods imported…
