China equities gain on policy support hopes
Mumbai, Aug. 10 -- Chinese equity markets ended mostly higher on Monday, with the Shanghai Composite rising 0.67% to its highest level in nearly a month, while the Shenzhen Component remained largely unchanged. Investor sentiment was supported by softer-than-expected inflation data, which strengthened expectations that policymakers may continue to provide support to the economy.
China's consumer inflation eased to 0.5% year-on-year in July, marking a six-month low, mainly due to lower food prices and slower growth in non-food costs. Producer price inflation also moderated to 3.5% from 4.1% in the previous month, indicating a gradual easing in price pressures across the economy.
The inflation data reinforced market expectations that auth...
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