China stocks rebound sharply on renewed talk of official support

SHANGHAI (Reuters) – Battered Chinese stocks leapt to their largest one-day gain in two years on Tuesday and the yuan rose on a slew of signals that authorities are strengthening their resolve to support slumping markets. The Shanghai Composite jumped 3.2%, its biggest daily gain since March 2022. Trade volume was the highest since May last year. The blue-chip CSI 300 climbed 3.5% for its largest one-day rise since Nov. 2022, and the small cap index notched its biggest rise since 2008. The rebound comes after country’s main indexes sank to five-year lows in recent sessions on gloom about the…