Chinese shares rebound above 3,000 points on bargain hunting

Updated: 2010-04-21 16:34
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BEIJING - Chinese equities rebounded on Wednesday from the biggest daily fall in eight months earlier this week as bargain hunters shifted their capital to healthcare and retail sectors.

The benchmark Shanghai Composite Index on the Shanghai Stock Exchange ended at 3,033.28 points, up 53.57 points, or 1.8 percent.

The Shenzhen Component Index rose 1.97 percent, or 227.84 points, to close at 11,766.82 points.

Total turnover expanded to 271.39 billion yuan ($39.73 billion) from 228.64 billion yuan on the previous trading day.

Gainers outnumbered losers by 872 to 18 in Shanghai and 887 to 28 in Shenzhen.