Share prices rebounded sharply on Thursday as investors expect an easing of policies to tackle worsening economic trends in China.

The benchmark Shanghai Composite Index shot up 3.23 percent, the biggest one-day gain in seven months, closing at 2072.99. Turnover also soared to 131 billion yuan ($21.4 billion), from 72.8 billion yuan on Wednesday.

Leading the charge were banks, brokerages, real estate developers and construction material suppliers.