China stocks rise to 3-month high on manufacturing data

Mainland China share market advanced for fourth consecutive session on Friday, 25 July 2014, as risk sentiment buoyed by an upbeat data on the manufacturing sector which expanded at the fastest pace in 18 months. Optimism that the government would roll out more stimulus to bolster economic growth also gave a boost to the market. The drop in money-market rates also underpinned buying sentiment. The benchmark Shanghai Composite advanced 21.55 points, or 1.02%, to 2126.61, the highest closing level since April. Trading turnover decreased to 111.41 billion yuan from yesterday's 128.68 billion yuan. The measure added 3.3% this week.

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