Chinese Shares Rise as Manufacturing Sector Improves, Non-Manufacturing Sector Expands; Mabwell Shares Jump 20%

Published on 09/01/2025 at 03:36 am EDT
(MT Newswires) -- Chinese shares rose on Monday amid an improvement in the country's manufacturing sector and the continued expansion of the non-manufacturing sector.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.5% to 3,875.53. The Shenzhen Component Index climbed 1.1% to 12,828.95.
China's manufacturing sector showed improvement in August but remained in contraction, with the purchasing managers' index rising to 49.4 last month from 49.3 in July. The production index was up 0.3 of a percentage point to 50.8, above the critical point, indicating an acceleration in the expansion of manufacturing production.
Meanwhile, the non-manufacturing sector continued to expand in August, with the official purchasing managers' index rising to 50.3 last month from 50.1 in July. This was boosted by the business activity index for railway transportation, water transportation, air transportation, telecommunications, radio, television and satellite transmission services, and capital market services remaining above 60.0 points, indicating a high level of prosperity,
In company news, Mabwell Shanghai Bioscienceresubmitted its application to list its H shares on the Hong Kong Stock Exchange's main board. Shares of the biopharmaceutical company jumped 20% Monday.

Sumber : MT Newswires