Equities recover on mainland bourses

Policy assurances by top officials and regulators help to revive market sentiment

Equities recouped losses on Friday as policy assurances by top government officials and regulators helped revive sentiment after share prices had crashed to a four-year low on Thursday.

The Shanghai Stock Exchange Composite Index and the Shenzhen Stock Exchange Composite Index edged up by 2.58 percent and 2.79 percent respectively, revising the major sell-off on Thursday, as senior officials made a series of pledges that the market was eagerly anticipating.