Chinese equities staged a big rally on Wednesday, with the key Shanghai index rising over four percent, which was led by gains of heavyweight banks and oils.
The benchmark Shanghai Composite Index closed at 1,965.41 points, up 4.01 percent or 75.78 points. The smaller Shenzhen Component Index added 245.26 points, or 3.61 percent, to close at 7,041.07 points.
Gainers outnumbered losers by 860 to 6 in Shanghai and by 739 to 3 in Shenzhen. Combined turnover was up to 132.78 billion yuan ($19.4 billion).
