Mainland China stock market closed higher on Tuesday, 05 July 2016, bucking a slump across Asia, on cementing stimulus hopes. Chinese investors became more hopeful about President Xi Jinping's calls for overhauling state-owned enterprises after private survey showed that activity in China's services sector rose to an 11-month high in June, but a composite measure of activity fell to a four- month low. That raised fears the services sector may not be able to make up for a prolonged decline in the industrial economy that has pushed China's growth to 25-year lows. Total 9 out of 10 SSE sectoral indices advanced, with industrial issue being top gainer, followed by utilities, materials, consumer staples, and consumer discretionary issues being top gainers. The CSI300 index of the largest listed companies in Shanghai and Shenzhen grew 0.08%, to 3207.38, while the Shanghai Composite Index rose 0.6%, to 3006.39 points.
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