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China stocks may be on the rebound after a tough few weeks.  

The benchmark Shanghai Composite increased 4.5% on Friday, while the smaller Shenzhen Composite added more than 4%.

The performance builds on gains made Thursday, when markets rallied after regulators announced new measures designed to stop the market's slide.

Since June 12, the Shanghai Composite has lost roughly 30%. The Shenzhen market, which has more tech companies and is often compared to America's Nasdaq index, is down nearly 40% over the same period.

Roughly half of the companies traded in China have elected to pull their shares as markets continue their crazy roller-coaster ride. That wouldn't be allowed in the U.S., but it's permitted in China.

The government is doing everything it can to rescue the markets. The People's Bank of China has cut interest rates to a record low, brokerages have committed to buy billions worth of stocks, and regulators have announced a de-facto suspension of new IPOs.

The government-backed China's Securities Finance Corporation -- known as CSF -- is lending billions to big Chinese brokerage firms so they can buy more stocks. Controlling shareholders and board members have been barred from reducing share holdings via the secondary market for six months.

Over the past year, investors poured more and more into Chinese markets. Retail investors -- think mom and pop, average folks -- were the most enthusiastic. A classic bubble developed.

The most compelling theory why the bubble burst: Chinese economic growth is the weakest it's been since 2009. Share prices got way ahead of growth and company profits, which are actually lower than a year ago.

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The Greek government has requested a third international bailout to help pay its debts, and prevent economic collapse and ejection from the euro.

The European Stability Mechanism, which acts as Europe's financial rescue fund, confirmed Wednesday that Greece has applied for a new bailout package.

Greece has already received two massive bailouts worth roughly 240 billion euros ($265 billion), but needs more. The latest bailout program ended last week. Greece then missed a big debt payment to the International Monetary Fund, becoming the first developed economy to default to the fund.

The Greek government has asked for the new rescue package to run for three years and promised to introduce fresh economic reforms in exchange for the money. It also hinted that it would like some form of debt relief from earlier bailouts.

The European Union is expected to decide Sunday whether to grant another bailout program, once it receives more details about Greece's economic plans.

The IMF recently estimated Greece will need at least 50 billion euros ($55 billion). But analysts say the figure will be much higher since the IMF analysis was conducted before Greek banks were forced to shut down, wreaking even more havoc on the economy.

Years of overspending and mismanagement have left the Greek economy in a deep crisis. The government has essentially run out of money, banks have been closed for over a week, and cash withdrawals have been capped for individuals and businesses. Regular people have even stopped driving because they want to conserve any cash they have.

Experts say Greece could soon be forced to print its own currency and ditch the euro if leaders can't agree on a new rescue package.

Finally, a 'Grexit' would be unprecedented in the history of the EU, since members join with the expectation that they will never leave.

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Trading was halted at the New York Stock Exchange on Wednesday morning.

The latest from the NYSE is that all symbols are not trading. "Additional information will follow as soon as possible," the NYSE's website says.

According to CNBC, the halt started at 11:32 a.m. ET and was triggered by "technical issues."

Latest signals got sent before this unexpected halt, due to that - results of evening trade may vary. 

We do not recommend to trade as long as the market is in pause.

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Stocks in China are on free fall right now, and things are not looking good.

Markets across Asia followed China’s key share indexes into the red today despite further efforts from Beijing to stave off the relentless fall in Chinese share prices.

A short time ago the benchmark Shanghai Composite was down more than 5% for the day, having fallen as much as 7%, while the SSE 50 index of the top 50 stocks on the bourse was down more than 7%. The CSI 300 of the largest listed firms on the Shanghai and Shenzhen exchanges was down 7%.

Authorities admitted panic selling had taken hold among Chinese investors.

A China Securities Regulatory Commission spokesman said markets were “full of panic emotion and the number of irrational selling has been increasing”, according to a report in the South China Morning Post.

One-third of the value of Chinese stocks has now been wiped off in three weeks.

The declines come despite a raft of measures from Chinese policymakers in recent weeks designed to boost stock prices. Interest rates have been cut, rules augmented to discourage selling while brokers, asset managers and Chinese insurers have all outlined plans to increase their exposure to the stocks.

More than 1000 listed Chinese companies have temporarily suspended trade on Wednesday in an attempt to avoid the market carnage. While they have escaped the declines for the moment, those firms that are still trading are feeling the full brunt of selling pressure.

The carnage in China is now spreading to other markets across the region. The Hang Seng in Hong Kong has slumped more than 4% while the Nikkei 225 in Japan and ASX 200 in Australia are off by more than 1.1%.

People's Bank of China is saying that it will support market stability by providing liquidity. 

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