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China stocks extend gain

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Capital Market
Mainland China share market continued its northward journey on Tuesday, 02 June 2015, amid optimism of government stimulus measures after the latest reading on Chinese manufacturing presented a mixed picture in May with the official gauge recording modest gains and a private index pointing to continued sluggishness. The market gains led by new-economy stocks on hopes their earnings will be solid and faster than those in traditional industries. The Shanghai Composite Index advanced 81.79 points, or 1.7%, to end at 4910.53, after yesterday's 4.7% rally. The gauge has rallied 52 percent in 2015, the most among global benchmark indexes, as the government cut interest rates and margin debt climbed to a record.

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First Published: Jun 02 2015 | 2:05 PM IST

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