Equities regain lost ground

Share prices recovered on the mainland bourses on Monday after Thursday's sell-off as stable economic data and market-friendly gestures by the People's Bank of China, the central bank, bolstered investor sentiment.

The benchmark Shanghai Composite Index rose 4.71 percent to 4,828.74 points on Monday on turnover of 934.5 billion yuan ($150.7 billion).

Activity in China's factory sector edged up to a six-month high of 50.2 in May although export demand continued to shrink, according to the official Purchasing Managers Index, indicating that the policies unveiled to bolster economic growth are finally bearing fruit.