Shanghai shares are on track for their best one-day gain since May.

The Shanghai Composite is up 2.7 per cent in late trade, on track for its best advance since May 31, when the index gained 3.3 per cent. The Shenzhen Composite, also up 2.7 per cent, is heading for its best day since June 15.

It has been an somewhat perplexing day for China shares. The indices motored higher in the morning session – leaving them roughly as high as where they are now – and then just flatlined after lunch.

Friday saw Chinese shares take off in the afternoon session, after a relatively flat morning.

Volume on Shanghai is on track to be its highest in about two and a half weeks.

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