Chinese stocks under stress on inflationary concerns
Mumbai, June 10 -- Chinese stocks turned lower today as geopolitical sentiments stayed stressed. Inflationary pressures also weighed as Chinese producer price index jumped 3.9% from a year ago, hitting the highest since July 2022. Consumer prices rose 1.2% in May from a year earlier, holding onto a broadly upward trajectory as it stood at just 0.2% in January. The benchmark Shanghai Composite Index fell 0.42 percent to 3,993.23 points. The Shenzhen Component Index closed 2% lower at 14,954.1 points. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 2.7% to close at 3,854.79 points. Overall mood has been volatile for Chinese stocks this week and the Shanghai Composite had slipped to two-month low on Monday....
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.