Headline shares of the Mainland China market declined, dragging the benchmark Shanghai Composite lower by 16.26 points to close at 2185.30 on Friday, 1 August 2014. The profit booking triggered in last hour of trade after the benchmark index surged to the highest level since December 2013 early today. But drop was limited on the back of upbeat data on Chinese manufacturing.
China's official Purchasing Managers' Index rose to 51.7 last month from 51.0 in June, making it the highest reading this year. The final HSBC/Markit PMI also released on Friday, indicating the private sector PMI fell slightly to 51.7 in July, from 52 in June.
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