BEIJING May 5 China shares ended mixed on
Monday, with weak manufacturing activity weighing on sentiment
in a session that saw weakness in property while rail
infrastructure shares gained.
The Shanghai Composite Index ended up 0.1 percent at
2,027.35 points. The CSI300 of the leading Shanghai
and Shenzhen A-share listings lost 0.1 percent.
The HSBC/Markit purchasing managers' index (PMI) for April
came in at 48.1 on Monday, lower than a preliminary reading of
48.3, though up slightly from an eight-month low of 48.0 in
The results dragged the indexes deeper into negative
territory at midday, before they clawed back some ground in the
Property stocks were down after private comments made by a
top executive from the mainland's largest listed developer
showing scant optimism for the health of the sector were leaked
to the press over the holiday weekend.
But rail shares gained on reports last week that the
country's 2014 railway investment would be increased to 800
billion yuan ($128 billion) from 720 billion yuan.
(Reporting By Natalie Thomas; Editing by Jacqueline Wong)