* SSEC +0.04%, CSI300 +0.12%, HSI -0.02%
* China’s Caixin factory PMI hits best level in almost decade
* Defence-related shares surge on fresh China-India friction
Beijing/Shanghai, Sept 1 (Reuters) - China stocks were little changed on Tuesday, as strong factory data reflecting a bounce-back in its economy from the coronavirus crisis offset profit-booking among consumer and agricultural shares.
** China’s factory activity expanded at the fastest clip in nearly a decade in August, bolstered by the first increase in new export orders this year, the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) showed.
** At the midday break, the Shanghai Composite index was up 0.04% at 3,397.17.
** China’s blue-chip CSI300 index was up 0.12%. Financials, consumer staples, real estate, and healthcare shares were down between 0.09% and 1.12%.
** On Monday, the CSI 300 Consumer Staples Index rose to a record high of 33,349 and the China Mainland Agriculture Index also scaled a peak of 8,825.
** Chinese H-shares listed in Hong Kong rose 0.4% to 10,031.63, while the Hang Seng Index was down 0.02% at 25,171.55. ** The smaller Shenzhen index was up 0.18%, the start-up board ChiNext Composite index was higher by 0.35% and Shanghai’s tech-focused STAR50 index was up 0.32%.
** Defence-related stocks in China surged after fresh conflict reignited between Chinese and Indian troops at the border of both countries.
** Among individual names, OFILM Group tumbled by their 10% daily trade limit to 17.02 yuan ($2.49), their lowest since June 29, on report that the company has been removed from Apple’s supply-chain list.
** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 1.26%, while Japan’s Nikkei index was down 0.07%.
** The yuan was quoted at 6.8208 per U.S. dollar, 0.4% firmer than the previous close of 6.8483.
Reporting by Zhang Yan in Beijing, Luoyan Liu and Andrew Galbraith in Shanghai; editing by Uttaresh.V
"Factory" - Google News
September 01, 2020 at 11:42AM
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China stocks little changed; strong factory data offsets profit-booking - Reuters
"Factory" - Google News
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