China stock market rebounds above 3,460 points on positive global forecasts and strong U.S. employment data.

The China stock market rebounded on Thursday, with the Shanghai Composite Index finishing just above 3,460 points. Positive global forecasts, fueled by strong U.S. employment data, are expected to support Asian markets. The SCI closed 0.18 percent higher, with the Shenzhen Composite Index also rising. Despite mixed performances from resource and property stocks, the financial sector was soft. In the U.S., major averages saw gains ahead of the July 4 holiday, driven by better than expected job growth data. Crude oil prices fell on Thursday due to excess U.S. inventories and supply concerns ahead of an OPEC+ meeting.

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