China Market rebounds on liquidity injection

Mainland China stock market surged on Tuesday, 02 February 2016, on easing fears of liquidity squeeze before weeklong Lunar New Year holiday after the country's central bank injected more liquidity into the financial system. The gains recouped Monday's losses, incurred after weaker than expected official surveys of China's manufacturing and services PMI data. All SSE sectors declined, with energy, industrial, material, and financial issues being major losers. The Shanghai Composite Index ended up 2.26%, or 60.72 points, at 2749.57. The CSI 300 Index, measuring exchanges in Shanghai and Shenzhen, rose 60.28 points, or 2.08%, to 2961.33.

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