Shanghai Stock Exchange Slides After PMI Beat, Seals Worst Month Since 2022
Shanghai’s benchmark index fell 0.8% to 3,891.86 on Tuesday, marking its steepest monthly drop since January 2022. Coal and semiconductor stocks led losses, down 3.8% and 3.7%. The official manufacturing PMI rose to 50.4 in March, beating forecasts. Turnover on the Shanghai Stock Exchange reached 966.71 billion yuan.