Shanghai, Shenzhen-listed stocks rebound for reasons unknown

Shanghai and Shenzhen-listed shares rebounded to close in positive territory Tuesday after continuing a multi-day rout during the morning trading session, The New York Times reported. Shanghai’s composite index ended up 5.5% after briefly dipping below the 4,000-point mark earlier in the day, and Shenzhen’s composite ultimately rose 4.8%. While no clear reason for the recovery could be found, some analysts said they believed the market had stabilized based on the expectation that the government would find ways to intervene and prop up share prices, some of which are now down more than 40% from their previous highs.