SHANGHAI: China blue-chip shares finished higher on Monday after a private survey showed the fastest acceleration in Chinese factory activity in nearly a decade, the latest indication of the country's robust economic recovery from lockdowns.
The blue-chip CSI300 index closed up 0.54%, with the consumer staples sector up 0.24% and the real estate index up 0.47%. The Shanghai Composite index was little changed, closing 0.02% higher at 3,225.12. The smaller Shenzhen index ended up 1.08% and the start-up board ChiNext Composite index was higher by 1.978%.
Activity in China's factory sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged, a private business survey showed on Monday, adding further momentum to the recovery of the world's second-largest economy.
The largest percentage gainers in the main Shanghai Composite index were Whirlpool China Co Ltd, up 10.07%, followed by Dr.Peng Telecom & Media Group Co Ltd, gaining 10.06% and COSCO SHIPPING Development Co Ltd, up by 10.05%.
The largest percentage losers in the Shanghai index were Huadian Energy Co Ltd down 10.06%, followed by Sichuan Xichang Electric Power Co Ltd losing 10.05% and Shanghai Shenqi Pharmaceutical Investment Management Co Ltd down by 10.03%.
So far this year, the Shanghai stock index is up 5.7% and the CSI300 has risen 15.2%, while China's H-share index listed in Hong Kong is down 11%. Shanghai stocks have risen 0.02% this month.-Reuters
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