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China Stocks End Higher, Muted Reaction to PMI Data


Tuesday, 31 July 2018 14:43 WIB

SahamChina Indeks CSI


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China stocks closed higher on Tuesday, aided by gains in real estate and energy firms, while the market response to the country’s manufacturing data has been relatively muted.

The blue-chip CSI300 index ended 0.1 percent higher at 3,517.66 points, while the Shanghai Composite Index closed 0.3 percent firmer at 2,876.40 points.

Leading the gains, real estate firms rose 1.6 percent, while energy sector gained 0.6 percent.

For the month, SSEC was up 1.0 percent, while CSI300 inched up 0.2 percent. Growth in China’s manufacturing sector slowed more than expected in July, as the worsening trade dispute with Washington, bad weather and weaker domestic demand weighed on factory activity.

Source : Reuters


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