China stocks rise on better manufacturing data

Mainland China share market closed volatile session marginally higher on Tuesday, 1 July 2014, lifted by report showing an expansion in manufacturing PMI in June. The benchmark Shanghai Composite closed 0.1% higher from prior day to 2050.38. Trading turnover increased to 83.5 billion yuan from yesterday's 80.01 billion yuan.

The National Bureau of Statistics and China Federation of Logistics and Purchasing said on Tuesday that the manufacturing Purchasing Managers' Index was at 51.0 in June increasing from May's 50.8. A similar index from HSBC Holdings Plc and Markit Economics rose to 50.7 from the previous month's 49.4. Numbers above 50 signal expansion.

 

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