Chinese stocks rebound after 4.8% decline intraday

Note: This section contains information in English only.
Source: Marketwatch
The Shanghai Composite Index gained 2.2% on the day and closed at 4576.49 points after it declined 4.8% intraday. The Chinese stocks have been hurt by high volatility and lower liquidity, as investors withdrew their stakes in existing equities and bought shares in recently listed companies. Declining investors' worries surrounding overvalued Chinese market fuelled a rebound from early day's losses. 
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