Chinese stocks bounce back from bear market on suspected state support

Chinese stocks rebounded on Friday after a sell-off drove the benchmark index into a bear market, as surging trading volumes in the nation’s biggest exchange-traded funds (ETFs) pointed to possible state buying and major companies at the centre of the artificial intelligence trade sought to soothe investors. The CSI 300 Index rose 1.7 per cent to 4,105.33 at the close, reversing an earlier decline of as much as 2 per cent. Turnover in several key ETFs tracking the gauge surged, suggesting that...