China shares fall as June producer prices fuel growth, deflation fears
Wednesday, 10 July 2019 14:42 WIB | MARKET UPDATE |Indeks Shanghai CompositeSaham ChinaCSI 300

Chinese shares fell on Wednesday as flat producer price inflation fuelled concerns about domestic growth, and a flood of initial public offerings targeting Shanghai's new tech board diverted funds from the rest of the market.

At the close, the Shanghai Composite index was down 0.44% at 2,915.30.The blue-chip CSI300 index was down 0.17%, with its financial sector sub-index lower by 0.28%, the consumer staples sector up 0.35%, the real estate index down 0.7% and the healthcare sub-index up 0.53%.

China's producer prices flatlined in June on lower oil prices and weak global demand, fuelling concerns that a slowdown in manufacturing from a bruising trade war will further drag on growth in the world's second-biggest economy.

Source : Reuters

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