(Yicai Global) May 28 -- China's mainland stock markets bounced back in afternoon trade after an early morning slide lured in the bargain hunters.

The blue chip-heavy Shanghai Composite Index was back on top at the closing bell, ending up 0.33 percent at 2,846.22, while the Shenzhen Component Index fell 0.27 percent to 10,653.49. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, finished down 0.80 percent to 2,054.96, clawing back from as low as 2.39 percent down earlier in the afternoon.

Editor: James Boynton