Chinese shares close higher Tuesday

BEIJING -- Chinese stocks bounced back Tuesday on the back of policy measures to boost investor confidence, with the benchmark Shanghai Composite Index rising 1.58 percent to 3,145.55 points.

The Shenzhen Component Index closed 0.64 percent higher at 9,424.68 points.

The combined turnover of these two indices stood at about 1.63 trillion yuan ($226.3 billion), up from 1.59 trillion yuan the previous trading day.

Shares related to the agricultural sector were among the top winners, while the textile and machinery industries suffered big losses.

The gain came after notable losses in major Chinese equity indices Monday, affected by sweeping global plunges triggered by US tariffs.

In response to the downturn, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence. Some state-owned capital operation firms moved quickly to increase their holdings of domestic equities, voicing strong confidence in the long-term outlook of the country's capital markets. The People's Bank of China, the central bank, also announced liquidity support through re-lending facilities on Tuesday.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 1.83 percent to close at 1,840.31 points on Tuesday.