Arab Today, arab today chinese shares close higher on tuesday
Last Updated : GMT 00:25:05
Arab Today, arab today
Arab Today, arab today

Chinese shares close higher on Tuesday

Arab Today, arab today

Arab Today, arab today Chinese shares close higher on Tuesday

Beijing - XINHUA

Chinese shares closed higher on Tuesday, as the manufacturing sector saw a strong recovery last month after prolonged sluggish performances. The benchmark Shanghai Composite Index was up 1.18 percent, or 24.66 points, to end at 2,123.11. The Shenzhen Component Index gained 1.51 percent, or 124.46 points, to finish at 8,368.04. Combined turnover of the two bourses expanded slightly to 218.6 billion yuan (35.43 billion U.S. dollars) from to 218.48 billion yuan on Monday. The official Purchasing Managers\' Index for the manufacturing sector rose to 51 percent in August from 50.3 percent in July, marking the second monthly expansion in a row. The financial sector rose remarkably. Industrial and Commercial Bank of China Ltd., the nation\'s biggest lender, rose 1.29 percent to 3.94 yuan. China Construction Bank Corp., another bank heavyweight, climbed 1.18 percent to 4.29 yuan. The property sector also expanded. China Vanke Co., the nation\'s biggest listed property developer, soared 4.52 percent to 9.71 yuan. Poly Real Estate Group Co. jumped 4.61 percent to 10.67 yuan.

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