Profit-taking and rise in CPI hit shares
Print Edition
CHINA’S shares slipped yesterday after inflation accelerated in March and investors took profit following a four-day rally.
The Shanghai Composite Index shed 0.18 percent, or 3.76 points, to finish at 2,130.5 yesterday.
The index rose 3.5 percent this week, the biggest weekly gain in two months.
“It will hit the pressure line of 2,150 and go upward next week,” said Li Jinfang, analyst at Pacific Securities.
The dismal inflation data revealed yesterday cast a cloud over the market.
The Consumer Price Index, a general gauge of inflation, rose 2.4 percent in March, higher than the 2 percent gain in February, the National Bureau of Statistics said.
Investors worried about an uncertain economic outlook. Conch Cement shed 3.44 percent to 18.44 yuan (US$2.97).
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
