You are here

China: Stocks fall at market open after weak Dec inflation data

china.jpg

[SHANGHAI] China's major stock indexes opened down on Monday after weak December inflation data was released at the weekend.

The CSI300 index fell 1.7 per cent to 3,303.12 points at 1:28 GMT, while the Shanghai Composite Index lost 1.7 per cent to 3,131.85 points.

The Hang Seng index in Hong Kong was down 2.2 per cent, to 19,997.42 points.

China's consumer inflation barely edged up in December while companies' factory-gate prices continued to fall, adding to concerns about growing deflation risks in the world's second-largest economy.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom