Mainland stocks rebound

SHANGHAI: The mainland stock market jumped 4.15 percent yesterday with investors expecting more market-friendly moves from the government following the release of block trading rules on Sunday.

The reduction of stamp tax on share trading from 0.3 percent to 0.1 percent was announced after the market closed yesterday.

The benchmark Shanghai Composite Index rose 130.54 points to close at 3278.33, with 840 out of 913 stocks closing higher. The Shenzhen Component Index surged 5.45 percent, or 609.38 points to close at 11784.15.