Chinese shares bounced back as confidence over the metals market returned. However, there are concerns over potential tax amendments for the technology sector.
The Shanghai Composite Index added 1.3%, or 51.99 points, to finish Tuesday's trade at 4,067.74. The Shenzhen Component Index jumped 2.2%, or 302.75 points, to 14,127.11.
Investors are buying back gold and silver equities amid easing volatility, a day after the metals market edged down.
Despite the return of positive sentiment, there are still qualms over the possibility of China increasing value-added tax rates on tech firms.
In corporate news, Shimeng Supply Chain Management (SHE:001220) soared 106% to 57.73 yuan per share at the close of its trading debut on the Shenzhen bourse, exceeding its initial public offering of 28 yuan apiece.
Meanwhile, Aurora Optoelectronics (SHA:600666) jumped nearly 5% after announcing that its unit plans to purchase computing power equipment for 145 million yuan.
Sichuan Hongda (SHA:600331) surged 9.2% after appointing Tang Chunyun as chief financial officer.
