Sunday, July 27, 2014

Asian Market Update: Improvement In Industrial Profits Sends Shanghai Composite To 7-Month High

Shanghai Composite is not resting on its laurels after last week's +3% gains, rising another 2% today to 7-month highs above 2,180. After last week's report of 18-month high flash manufacturing PMI, investors are cheering the weekend release of June industrial profits rising at the fastest rate in 5 months.



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