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Felicia Tan
in
Stocks
July 31 21:54

Chinese stocks showed the highest monthly growth since February 2019

The Shanghai Composite Index added 0.71% to 3.310.01 points. The index ended July with a 10.9% growth.
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Chinese stocks closed with a rise in Friday's volatile trading on the back of uncertainty over the worsening Coronavirus epidemic. At the same time, major indices recorded the most substantial monthly increase since February last year.
The CSI300 blue-chip index rose by 0.84%. The index added 12.8% for the month.
The financial sector sub-index increased by 0.5%, the consumer goods sector - by 0.34%, real estate index - 0.18%, and the health sector - by 1.39%.
Activity in China's manufacturing sector improved in July for the fifth consecutive month as improved prospects for electrical and pharmaceutical products supported a broader recovery from the coronavirus-induced recession.
Hong Kong's Hang Seng index fell by 0.5% to 24,595.35 points.