Bourses regain lost momentum

The Shanghai Composite Index rebounded 3 percent to close at 4,333.48 points on Monday, reversing last week's losing streak, after the central bank cut benchmark interest rates for the second time this year by 25 basis points to help shore up the flagging economy.

The previous interest rate cut, also by 25 basis points, was on March 1.

Stock analysts said they expected further rate cuts in coming months because important indicators still show that the momentum of economic decline continues to build.