Steel companies gain on strong China PMI data
Reuters Market Eye - Shares in steel companies gain after a closely-watched measure of Chinese manufacturing hit its highest in six months and showed a promising pick-up in export orders, another sign of stabilisation in the world's second-biggest economy.
The flash HSBC Purchasing Managers' Index (PMI) for China climbed to 51.2 in September, from August's 50.1, with 10 out of 11 sub-indices up in the month. Dealers had looked for a reading of around 50.9.
Steel Authority of India Ltd (SAIL.NS) gains 2.3 percent, Tata Steel Ltd (TISC.NS) rises 1 percent and Jindal Steel and Power Ltd (JNSP.NS) is up 0.3 percent.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
- Search widened as Malaysia air probe finds scant evidence of attack
- UPDATE 5-GM hires law firms it works with to probe recall response
- Malaysia air probe finds scant evidence of attack - sources
- Snowden: Proposed NSA reforms vindicate my data leaks |
- China deploys 10 satellites to help in search for Malaysia jet
MISSING MALAYSIAN PLANE
The so-far fruitless search for a missing Malaysian airliner entered its fourth day, as sources in Europe, the United States and Asia voiced growing scepticism that the flight lost 239 people on board was the target of an attack. Full Article