Chinese stocks higher at midday on PMI data
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E-mail Xinhua, March 1, 2012
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Chinese stocks rise in the morning session after the release of February's Purchasing Managers Index. [File photo] |
![Chinese stocks rise in the morning session after the release of February's Purchasing Managers Index. [File photo]](http://images.china.cn/attachement/jpg/site1007/20120301/001aa0ba5c8510b9518c2a.jpg "Chinese stocks rise in the morning session after the release of February's Purchasing Managers Index. [File photo]")
Chinese shares gained for the morning session Thursday after the Purchasing Managers Index (PMI) data showed the country's manufacturing sector gained momentum in February.
The benchmark Shanghai Composite Index climbed 0.12 percent to finish at 2,431.33 points.
The Shenzhen Component Index moved up 0.42 percent to end at 10,096.74 points.
The PMI, a preliminary readout of the country's manufacturing activity, rose to 51 percent in February, the highest level since October last year, the China Federation of Logistics and Purchasing said Thursday.
A PMI reading of 50 percent demarcates expansion from contraction.
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