China's shares ended at a good place on Thursday, which happened due to the raised prices of commodities that reversed prior losses caused by worries over Beijing's calls on central Governments to push up their collection of land taxes.

The standard Shanghai Composite Index, which tracks both, A and B shares, ended up at 1.2%, or 30.13 points, at 2655.92, off an intraday low of 2583.55. The Shenzhen Composite Index increased by 2.0%, or 20.88 points, to 1060.33.

Metal Companies were higher following better crude oil prices, an indicator of commodity prices, which increased. On the New York Mercantile Exchange, light, sweet crude futures for shipment in the month of July traded at $72.50 for each barrel at 0709 GMT, up 1.4%.

Baoshan Iron & Steel increased by 1.2% to CNY6.54 after declining by 3.7% in the past two sessions. Aluminum Corp. of China profited by 3.1% to CNY10.55 after falling off by 1.8% over the same period.

Gold mining firms also increased. Spot gold was trading at $1,212.50 per troy ounce at 0720 GMT, which was up by 0.1% from the New York close. Shandong Gold-Mining increased by 1.9% to CNY40.23 and Zhongjin Gold profited by 3.4% to CNY60.14.