China's Stock Market: Financial Shares Lead Gains Amid Factory Expansion
China's stocks saw a slight rise, primarily driven by financial shares, following the expansion of factory activity in June. A private survey highlighted this growth in new orders, catching investor attention ahead of company earnings reports. The financial sector outperformed, despite losses elsewhere.
- Country:
- China
China's stock market experienced slight growth on Tuesday, as financial shares drove gains following a private survey indicating growth in the country's factory activity for June.
With Hong Kong markets closed for a holiday, the CSI300 Index rose by 0.1%, while the Shanghai Composite Index climbed 0.2%. Analysts note that financial shares outperformed, driven by optimism over some sectors like insurance and state-owned banks.
As the mainland market remains relatively flat, investors are increasingly interested in Hong Kong due to its valuations and geopolitical position. The upcoming earnings season is now under scrutiny to assess corporate performance trends.
(With inputs from agencies.)
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