Chinese shares break 3-day losing streak

Chinese stocks rebounded on Tuesday following a three-day losing streak, mainly led by strong brokerage and property shares.

The benchmark Shanghai Composite Index rose 0.59 percent, or 12.9 points, to end at 2,194.85. The Shenzhen Component Index rose 1.36 percent, or 118.98 points, to 8,852.42.

Gainers outnumbered losers by 730 to 201 in Shanghai and by 1,202 to 285 in Shenzhen.

Combined turnover on the two bourses expanded to 123.78 billion yuan (19.83 billion U.S. dollars) from 112.53 billion yuan on the previous trading day.

The rising turnover indicated some speculative capital entering the stock market hunting for bargains after key indices dropped for three consecutive days, according to Huaxun Investment Advisory Co., a Chinese financial information provider.

Property shares led the gains, as China Vanke, the country's largest property developer, surged 5.53 percent to 11.64 yuan per share.

Poly Real Estate, the country's second largest developer, climbed 5.95 percent to 12.46 yuan.

Securities brokerage companies were also strong, with Citic Securities Co., a leading firm, up 4.11 percent to 12.16 percent.

Everbright Securities Co., another industry leader, rose 4.62 percent to 13.59 yuan.