Chinese equities Tuesday rebounded from their lowest level since last May and pushed the benchmark Shanghai Composite Index near the 2,600 point mark as financial and developer stocks shot higher.

The benchmark Shanghai Composite Index rose 1.36 percent to close at 2,594.78 points.

The Shenzhen Component Index regained above the 10,000 point mark to 10,003.8 points at the close, up 2.8 percent.

Total turnover shrank to 149.16 billion yuan (21.84 billion U.S. dollars) from 150.61 billion yuan on the previous trading day.

Gainers outnumbered losers by 591 to 241 in Shanghai and 628 to 269 in Shenzhen.