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China stocks close sharply higher in roller-coaster trading

Xinhua, June 30, 2015 Adjust font size:

Chinese shares bounced back from early morning losses and closed sharply higher on Tuesday following a nightmarish fortnight.

The benchmark Shanghai Composite Index surged 5.53 percent to finish at 4,277.22 points. It fell more than five percent in the early morning to 3,847,88 points, extending losses from a peak of 5,178.19 points seen on June 12.

The Shenzhen Component Index gained 5.69 percent to close at 14,337.97 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rallied 6.28 percent to end at 2,858.61 points. Endi