China shares rebound on bargain-hunting

Chinese shares rebounded Thursday on bargain-hunting, led by metal producers and insurers.

The benchmark Shanghai Composite Index rose 30.13 points, or 1.2 percent, to close at 2,655.92. The Shenzhen Composite Index for China's smaller second exchange added 2 percent to 1,060.33.

"It is really just a correction after previous slumps," said Li Xianming, an analyst for Ping An Securities in the southern business hub of Shenzhen, said.

The benchmark has declined 7.5 percent in May on unease about Europe's debt woes and possible government plans to tighten access to credit.

Metal producers gained on reports the government will …