Shanghai Composite rebounds 0.7% on policy hopes

Macro
โดย サーチナ·Read original
Summary · why it matters

The Shanghai Composite Index rebounded, rising 27.57 points, or 0.72 percent, to 3,832.26. The monthly meeting of the Political Bureau of the Communist Party of China Central Committee indicated plans to consider additional measures, with policy expectations supporting the market. Buying also spread to related stocks amid a global tech rally, but gains were limited after the July manufacturing PMI came in at 49.2, falling below the 50 threshold for the first time in five months. By sector, printing and packaging, and media and entertainment rose, while agriculture-related stocks, financials, liquor makers, and oil declined.

Impact on stocks 0