China’s stock market closes at highest level in five years
Caixin/Markit PMI continues to recover from February trough when coronavirus lockdown was most severe
China’s stock market has closed at its highest level in five years after the latest data from the world’s second biggest economy showed the service sector expanding at its fastest pace in a decade.
Shares in Shanghai were boosted by news that the Caixin/Markit purchasing managers’ index had continued to recover from the trough reached in February, when the coronavirus lockdown was at its most severe.
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