China: Stocks firm on services data

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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