China's manufacturing activity weaker than expected in April; HSBC/Markit Purchasing Managers' Index came in at 48.1, lower than preliminary reading of 48.3 and below 50 level dividing growth and contraction

BEIJING , May 5, 2014 () – China shares ended mixed on Monday, with weak manufacturing activity weighing on sentiment in a session that saw weakness in property while rail infrastructure shares gained.

The Shanghai Composite Index ended up 0.1 percent at 2,027.35 points. The CSI300 of the leading Shanghai and Shenzhen A-share listings lost 0.1 percent.

The HSBC/Markit purchasing managers' index (PMI) for April came in at 48.1 on Monday, lower than a preliminary reading of 48.3, though up slightly from an eight-month low of 48.0 in March.

The results dragged the indexes deeper into negative territory at midday, before they clawed back some ground in the afternoon.

Property stocks were down after private comments made by a top executive from the mainland's largest listed developer showing scant optimism for the health of the sector were leaked to the press over the holiday weekend.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.