Economics
China Stocks Post Biggest Weekly Gain in a Month After PMI Data
- Official PMI matches estimates as Caixin data misses forecasts
- PBOC has room for targeted moves to release liquidity: JK Life
China's June PMI Data Shows L-Shaped Recovery
This article is for subscribers only.
China’s stocks capped their biggest weekly gain in a month after official manufacturing data matched forecasts and a gauge of services activity perked up.
The Shanghai Composite Index posted a weekly advance of 2.7 percent as it added 0.1 percent on Friday. Materials companies rose while a measure of health-care companies fell. China’s manufacturing purchasing managers index for June stood at 50, the line dividing improvement from deterioration, and the non-manufacturing PMI gauge rose to 53.7 from 53.1 in May, data showed on Friday.