Related News
Shanghai shares drop 0.21% as deflationary pressure mounts
Online Edition
SHANGHAI stocks ended lower today as data showed China’s consumer prices grew at the slowest pace in 18 months, a reflection of economic slowdown.
The benchmark Shanghai Composite Index shed 0.21 percent, or 4.14 points, to 2,011.14. Daily turnover was 57.5 billion yuan (US$9.3 billion). The index lost 0.75 percent this week, declining four weeks in a row.
“Investors are holding back on concerns over new-share sales and economic slowdown,” said Shanxi Securities.
More than 300 companies have disclosed their prospectuses for initial public offerings, according to the China Securities Regulatory Commission.
Data from the National Bureau of Statistics showed that China’s consumer price index rose 1.8 percent year on year in April, the slowest pace in 18 months. While the producer price index fell 2 percent, the 26th straight month of decline.
“Both indices are short of expectations, indicating the deflationary pressure is building. Overall demand remains sluggish and the destocking process among manufacturers remains slow,” economists at HSBC Global Research said today.
“This calls for more policy easing in coming months,” they said.
Great Wall Motor Co Ltd led the losses of automakers, falling by the daily limit of 10 percent to 28.69 yuan, after the company said it will delay the delivery of its new Haval H8 SUV due to quality issues.
- 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.
