Shares follow Wall St higher but China fears linger

US shares snapped a six-day losing streak on Wednesday after one of the most senior officials in the Federal Reserve said the turmoil that has gripped world financial markets had weakened the case for a rate rise in September. Concerns the US could raise rates as early as next month have been heaping pressure on world markets already nervous about signs China's economy -- the world's second-largest, accounting for some 13 percent of global output -- is slowing more than thought. "Investors are definitely doing some bargain hunting, with the gains in the US boosting investor confidence," Ang Kok Heng, chief investment officer at Phillip Capital Management, told Bloomberg News.

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