China stocks end up as consumer, healthcare firms gain
Thursday, 1 March 2018 14:52 WIB | MARKET UPDATE |The Shanghai Composite IndexSaham Cina Shanghai composite

China stocks recouped earlier losses to end higher on Thursday, after a private survey showed the country's factory growth rose to a six-month high in February.

Sentiment also got underpinned by expectations Beijing tends to maintain stability in the financial markets ahead of key political events, such as the upcoming National People™s Congress and the Chinese Political Consultative Conference.

The Shanghai Composite Index closed up 0.4 percent at 3,273.75, while the blue-chip CSI300 index gained 0.6 percent to 4,049.09.

Growth in China™s manufacturing sector unexpectedly picked up to a six-month high in February as factories rushed to replenish inventories to meet rising new orders, a private survey showed on Thursday.

Most sectors gained on Thursday, led by the defensive consumer and healthcare firms.

Source: Reuters

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