WRAPUP 4-China shares rise on easing move, shrugging off weak data

martes 1 de marzo de 2016 05:37 GYT

(Adds traders on yuan policy)

* Manufacturing and service surveys both disappoint

* Surveys published after central bank eases monetary policy

* Major share indexes end up 1.7 to 1.8 pct on easing measure

* Yuan fixed firmer at 6.5385 per dollar

* Traders say RRR cut offset big drains on liquidity

By Pete Sweeney and Samuel Shen

SHANGHAI, March 1 (Reuters) - Chinese shares rose on Tuesday after the central bank's surprise monetary policy easing, shrugging off disappointing manufacturing and service sector surveys that highlighted the wider challenges faced by the world's second-largest economy.

Much of the market's attention was on the yuan, which was firmer after the central bank set a higher midpoint reference rate for the start of trade, belying fears the policy easing could put the currency under fresh downward pressure.   Continuación...