Monday, September 3, 2012

Chinese stocks rose 3 september 2012

Chinese stocks rose 3 september 2012 : Chinese shares rose for the first time in four days, with the Shanghai Composite Index adding 0.6 percent and rebounding from the lowest level since February 2009. The CSI 300 Index advanced 1.1 percent. China’s Purchasing Managers Index fell to 49.2 in August from 50.1 in July, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today. A separate report by HSBC Holdings Plc and Markit Economics today also indicated a contraction in China’s factory output.

About one stock fell for each that rose on MSCI’s Asian gauge. Hong Kong’s Hang Seng Index added 0.3 percent, South Korea’s Kospi Index climbed 0.4 percent and Taiwan’s Taiex Index advanced 0.7 percent. Shimao Property Holdings Ltd., up 3.6 percent in Hong Kong, paced gains among Chinese developers on a report the nation should do more to help economic growth.

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