What is the mood like among investors in China?

(AP Photo/Ng Han Guan). That wouldn’t be allowed in the US, but it’s permitted in China.

Trading volume in Hong Kong was nearly evenly split between buyers and sellers of the city’s 50 benchmark stocks, despite every sector in the index posting what appeared to be solid recoveries.

Leadership has called on companies to increase buying shares of their own stock, Yang said, and “that’s a positive signal”.

Chinese stocks have continued their rebound today, with Shanghai’s SSE Composite Index (SHA:000001) up over 5.5% at around midday today (AEST).

The Shanghai Composite Index surged 5.12 per cent, or 189.96 points, to 3,899.29. A stock market crash is a whole new challenge for the Chinese government. Instead of stabilizing the market, they could add to the selling pressure by transferring it to other shares that remain active.

An estimated 90 million small investors have taken the hit, although only 15 percent of Chinese households are believed to have been playing the market.

In this Wednesday, July 8, 2015 photo, people walk past the New York Stock Exchange. The move aimed to “maintain stability” of the stock market, it said. A few 1,300 of them had to suspend trading on Tuesday due to market weakness.

Beijing’s increasingly frantic attempts to stem a stock market rout were finally rewarded as Chinese shares bounced around 6 per cent on Thursday, but the costs of heavy-handed state intervention are likely to weigh on the market for a long time.

Her experience illustrates how China’s novice investors tend to be the biggest losers in the event of a market meltdown.

The plunge in China’s previously booming stock markets, which had more than doubled in the year to mid-June, is a major headache for President Xi Jinping and China’s top leaders, who are already grappling with slowing growth.

S&P 500 mini futures ESc1 rose to as high as 2061.75, up 1.0 percent from late US levels. The market turmoil is rattling neighboring markets.

Yesterday’s rally came as Shanghai swung from losses to gains after China announced more measures to try to staunch a sell-off that has seen more than 30 percent wiped from mainland shares and fanned fears about the wider economy. China is one of the world’s largest consumers of oil and metals.

The only solution to the market rout is for the Chinese central bank to further loosen up the flow of money to restore momentum to economic growth, said Li-Gang Liu, chief economist for greater China at the Australia and New Zealand Banking Group.

Anyone who was upset about the decision last month is now “probably thinking what a bullet they dodged”, said Every. But most Asian markets were still in the red from a week earlier.

History suggests that won’t be a cure either.

Hong Kong closed up 3.73 percent after the market recorded its biggest single-day loss for more than six years on Wednesday.