Chinese stocks fell at the open - but are now rallying

It looks like another wild day on the Chinese market.

The benchmark Shanghai Composite fell 3.5% but quickly recovered and was up 2.5% a short time ago.

Authorities have announced a raft of new measures to support the market, including a six-month ban on selling by major shareholders, and further easing of lending restrictions for loans to buy stocks. Earlier it was reported that Chinese corporate heavyweights were buying their own stocks to support prices.

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