All main stock sectors rose on Friday. Lower interest rates help stimulate the economy.

Local and foreign investors hunted for bargains in China after a more than 20 percent plunge in the country’s major indexes over the past week.

On Wednesday, Australian, US and some Asian stocks rose slightly, but turmoil continued in Europe.

Shanghai stocks have been on a roller-coaster ride after a debt-fuelled, year-long rally collapsed in June, prompting Beijing to unleash unprecedented measures to shore up the market – including buying up shares.

The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest gain in seven years, halting a six-day losing streak that had Americans nervously checking their investment balances.

At its current level, down 9.3 percent on the year to 1,867.61, the S&P 500 is 1 percent away from erasing its gains since the end of 2013. The Nasdaq composite added 106 points, or 2.4 percent, to 4,613.