China scores massive gains in the Shanghai markets
In China, the Shanghai Composite index rose an impressive 4.8 percent to close at 2,845 today, scoring its largest gain in six months.
The market's three-day bounce owes much to positive comments by Liu Xinhua, vice chairman of the China Securities Regulatory Commission. On Wednesday, he announced that the regulator would do its best to promote a "stable and healthy" equity market.
