China's Market Stabilizes Following Torrid Week

Mainland China's main stock market, The Shanghai Composite, was 0.2% higher by mid-afternoon as it hovers around the critical 3,000 level. Meanwhile the blue-chip CSI300 index, which focuses on 300 of the largest companies listed on the Shanghai and Shenzhen stock exchanges, was trading over 6% higher. The Dow Jones was up nearly 4% marking the biggest single-day gains in both of these indicies since 2011.