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China: Stocks firm on services data

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Capital Market
China share market closed session higher on Tuesday, 05 June 2018, after latest survey from Caixin revealed the service sector in China continued to expand in May at a steady pace with a services PMI score of 52.9. Risk appetite buying also got a boost after Moody's Investors Service said China's economic restructuring is picking up pace, with its manufacturing sector showing signs of a shift to higher value-added areas - a credit positive. The blue-chip CSI300 index rose 1.0% to 3,845.32, while the Shanghai Composite Index ended up 0.7% at 3,114.21.

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First Published: Jun 05 2018 | 6:47 PM IST

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