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China Sees Mixed Trade as Manufacturing Expansion Slows

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Chinese shares opened mixed on Wednesday as the manufacturing sector continued to expand albeit at a slower pace.

The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% lower to 4,090.76. The Shenzhen Component Index rose 0.1% to 16,226.98.

China's manufacturing output expanded for a seventh straight month in June, though the pace slowed to a three-month low.

The manufacturing sector expanded at a slower pace last month as the headline RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, eased to a three-month low of 51.7.

The latest reading, which provides a gauge of factory sector conditions, compared with 51.8 recorded in the previous month and missed the 51.9 market expectation tracked by Investing.com.

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