China stocks jumps as factory output data spur optimism

Mainland China share market surged on Friday, 13 June 2014, as investors chased for value buying on optimism over the economy after the release of better than expected economic data including factory output data. The nine out of ten SSE sectors closed higher, with shares of financials, technology, consumer discretionary, industrials, energy and material sectors leading gains. The benchmark Shanghai Composite closed 0.93% higher from prior day to 2070.71. Market turnover increased to 82.54 billion yuan from yesterday's 69.30 billion yuan.

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