China's Stock Index Gains, Rebounding From Loss of As Much As 7.5 Percent

(Bloomberg) -- China's CSI 300 Index rebounded from a
loss of as much as 7.5 percent. Citic Securities Co. gained after
the brokerage said it plans to sell shares valued at about $2.5
billion.

The benchmark CSI 300 Index gained 20.54, or 0.6 percent, to
3531.97 as of 2:26 p.m. local time. The increase stopped a slide
that's wiped out about $402 billion of market value. The fall was
sparked by the government's move to triple the tax on securities
trading on May 30.


Read more at Bloomberg Emerging Markets News