Chinese equities fell more than 3.6 percent on Thursday, wiping out almost half of Wednesday's surge, as investors took profits amid an absence of news about an anticipated government stimulus plan.

The benchmark Shanghai Composite Index fell 3.63 percent, or 91.57 points, to close at 2,431.72. In Shenzhen, the market dropped 3.38 percent, or 288.12 points, to close at 8,243.03.

The Shanghai index rose 7.63 percent on Wednesday, its largest one-day gain in four months, on talk that the government would channel hundreds of billions of yuan into an economic and market stimulus package.

Aggregate turnover edged up to 68.4 billion yuan ($9.99 billion), from Wednesday's 65.7 billion yuan.

Losses outnumbered gains by 678-137 in Shanghai and 604-76 in Shenzhen.