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As on : 31-Oct-2024
Market Commentary - Foreign Markets
31-Oct-2024     16:27

China's Shanghai Composite index rise 0.42%

China's Shanghai Composite index rose 0.42 percent to 3,279.82 as official data showed China's manufacturing sector returned to expansion in October after five consecutive months of contraction.

China's manufacturing activity expanded for the first time in six months in October, underpinned by strong domestic demand, official survey data revealed Thursday.

The official manufacturing Purchasing Managers' Index rose to 50.1 in October from 49.8 in September, survey data from the National Bureau of Statistics showed.

The non-manufacturing PMI, which tracks both the service and construction sectors, posted 50.2, up from 50.0 in the previous month but below forecast of 50.4.

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