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China Market end 1.15% higher

China Market end 1.15% higher
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China Market extends gains on private manufaturing PMI data

The Mainland China share market finished higher for second consecutive session on Tuesday, 01 June 2021, after a private report showed Chinese manufacturing expanded in May.
The Caixin China PMI Manufacturing Index rose to 52 in May from 51.9 for the previous month, signifying the nation s industrial companies were in expansion mode. The report, which surveys smaller enterprises, contrasted with a slight drop in activity in an official manufacturing gauge published by the National Bureau of Statistics a day earlier.
At closing bell, the benchmark Shanghai Composite Index advanced 0.26%, or 9.24 points, to 3,624.71. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.41%, or 9.82 points, to 2,429.57. The blue-chip CSI300 index added 0.2%, or 10.11 points, to 5,341.68. ....

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China Market climbs to 3-month highs

Read more about China Market climbs to 3-month highs on Business Standard. At closing bell, the benchmark Shanghai Composite Index advanced 0.43%, or 15.49 points, to 3,608.85, its strongest closing since Feb 23. The Shenzhen Composite Index, which tracks stocks on China s second exchange, added 0.79%, or 18.72 points, to ....

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China Market end mixed

Read more about China Market end mixed on Business Standard. At closing bell, the benchmark Shanghai Composite Index advanced 0.34%, or 12.02 points, to 3,593.36. The Shenzhen Composite Index, which tracks stocks on China s second exchange, fell 0.06%, or 1.37 points, to 2,380.56. The blue-chip CSI300 index ....

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Epic Games VS Apple: Trial set to begin on Mon, App Store profits in focus

Apple reportedly registered profits as high as 78 per cent from its App Store in 2018 and 2019, an expert witness for Epic Games has testified, as the Cupertino-based tech giant and Fortnite game developer prepare for a legal battle in the US beginning Monday.
According to The Verge, expert Ned Barnes testified that information from Apple s Corporate Financial Planning and Analysis group show the App Store had a 77.8 percent operating margin in 2019, and 74.9 percent in 2018 .
Apple has contested that interpretation of the data, saying we don t have a separate profit and loss statement for the App Store .
Epic s experts calculations of the operating margins for the App Store are simply wrong and we look forward to refuting them in court, an Apple spokesperson was quoted as saying in the report on Saturday. ....

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