Bourse Bounces Back after Gov't Unveils Supporting Measures

(Beijing) – The stock market bounced back after the government rolled out measures analysts say are aimed at shoring up investor confidence hurt by slipping share prices.

The benchmark Shanghai Composite Index closed at 4,277 points on June 30, up 5.53 percent from a day earlier. It dipped to 3,848 points in the morning, extending a nearly continuous decline that started on June 12, when the index climbed to 5,178 points, the highest level in more than seven years.