Shanghai shares close slightly higher on manufacturing resilience
(Il Sole 24 Ore Radiocor) - Milano, 30 apr - Chinese share prices closed slightly higher as investors welcomed data showing continued growth in the manufacturing sector.
The official manufacturing PMI for April edged down to 50.3% from 50.4% in March, but remained in expansion territory for the second straight month. Sentiment was further supported by a private survey from RatingDog and S&P Global, which saw the index climb to 52.2% from 50.8%, its highest level since late 2020.
Gains were led by the tech and energy sectors, the latter supported by rising oil prices and strategic investments.
However, the advance was capped by persistent concerns over geopolitical tensions in the Middle East and caution ahead of the upcoming Labor Day holidays.
The Shanghai Composite index edged up 0.11% to close at.
4,112.16 points.
(RADIOCOR) 30-04-26 09:41:16 (0261) 5 NNNN