Australia market rises 0.5%

Last Updated : Jun 03 2014 | 12:00 AM IST

The Australian share market advanced for the first time in three consecutive sessions on Monday, 02 June 2014, lifted by promising Chinese data and a better end to the week across U.S. markets. But gain on the market was capped after Australian Industry Group's performance of manufacturing index (PMI) data indicated that Australian manufacturing activity improved 4.4 points to 49.2 in May, just below the 50 level that is supposed to mark the threshold between contraction and expansion. The benchmark S&P/ASX200 and the broader All Ordinaries each rose by 0.5% to 5518.50 and 5499.20, respectively.

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Australia market rises 0.5%