China stocks fluctuated as domestic recovery and overseas rates were considered, with mixed sector performances

From XM Group: 2024-07-01 00:35:43

China stocks fluctuated on Monday as investors considered the domestic recovery and overseas interest rates. The Caixin/S&P Global manufacturing PMI rose to 51.8 in June, the fastest pace in over three years, surpassing expectations. However, a decline in official manufacturing activity raised concerns, leading to calls for further stimulus. New home prices in China also saw a slow increase in June. The Shanghai Composite index was up 0.31% at the midday break. Blue-chip CSI300 index was down 0.19%, with mixed performances in different sectors. H-shares listed in Hong Kong rose 0.12%, while other indices in China were slightly weaker. In the broader Asian market, MSCI’s Asia ex-Japan stock index was slightly higher, while Japan’s Nikkei index edged up.



Read more at XM Group: China stocks seesaw as investors weigh domestic recovery, overseas rates