Chinese shares notched their best day in years after Beijing signaled its intent to prop up the battered equities market, including by directing a trillion-dollar sovereign-wealth fund to boost holdings.
The benchmark Shanghai Composite Index gained 3.2% Tuesday, snapping a six-day losing streak with its largest single-day percentage gain in almost two years, while the Shenzhen Composite Index gained 5.1%—its best day since 2019.
