Chinese Stocks Gain as Upbeat PMI Data Reinforce Recovery Hopes [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- Chinese stocks advanced as a rebound in manufacturing activity reinforced hopes that the nation's economic recovery may be starting to gain traction. Most Read from Bloomberg Erdogan Suffers Defeat in Turkey's Municipal Elections US Oil Suppliers Muscling Into OPEC+ Markets All Over the World China Factory Activity Expands for First Time in Six Months AT&T Says Data From 73 Million Accounts Leaked on Dark Web Investors Spoiled for Choice With Top Ice Cream Makers for Sale The benchmark CSI 300 Index kicked off the second quarter on a positive note as it rose as much as 0.9% to lead gains in Asia. Material and industrial shares led the increase, while markets in Hong Kong were shut for the Easter holiday. China's official manufacturing purchasing managers index registered the highest reading in a year, adding to recent signs that momentum is starting to build in the world's second-largest economy. The CSI 300 gauge capped its first quarterly gain in a ye
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