Chinese stocks rise on return to trade; data shows services activity turning positive

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Chinese stocks rise on return to trade; data shows services activity in China turning positive

• Chinese stocks jumped on the first day of trade after a week-long holiday.
  
• In its earnings estimates on Friday, Samsung said its operating profit for the quarter that ended in September was likely up 28% from a year ago.
  
• On Wall Street, stocks rallied as lawmakers reached a deal to increase the debt ceiling in the short-term.
  

SINGAPORE — Chinese stocks jumped on the first day of trade after a week-long holiday, tracking other stock markets across Asia-Pacific as markets on Wall Street rallied. Data on Friday also showed that the services activity in China returned to positive levels.

The Shanghai Composite was up 0.75% in early trade, while the Shenzhen Component was higher by 1.16%. The CSI 300 rose 1.22%.

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