Stock exchanges see modest gains after June data
By Xie Yu in Shanghai | China Daily | Updated: 2013-07-16 07:13
China's stock market rose modestly on Monday, with June's macroeconomic data helping to ease concerns of a hard landing.
The benchmark Shanghai Composite Index rose 0.98 percent to 2,059.39 points. Turnover shrank to 88 billion yuan ($14.36 billion) from 103 billion yuan on Friday.
The figures also lent support to the Hang Seng Index - Hong Kong's benchmark - which increased 0.12 percent to 21,303.31, while equity markets in Australia and South Korea also reacted positively to the Chinese data.
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