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China Stocks Follow Wall Street Rebound

Shanghai posts biggest one-day gain in 8 weeks.

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Jason Lee/Reuters

Asian financial markets were back up Thursday in response to Wall Street’s sharp rebound, allaying fears about a global market rout. China’s Shanghai Composite index, which has been the main source of concern, jumped 5.4 percent in the biggest one-day gain in nearly two months. European shares also surged, rallying on comments Wednesday by New York Fed President William Dudley, who suggested delaying a September interest-rate hike because of the turmoil. In New York early Thursday, futures indexes indicate another strong opening on Wall Street, a day after the Dow Jones Industrial Average bounced 619 points higher.

Read it at The Wall Street Journal

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