China Stocks finish down

Mainland China stock market finished down on Tuesday, 10 January 2017, as investors took profits after producer price index (PPI) marked the fourth straight month of price rises for goods at the factory gate, raising expectations China's factories could put upward pressure on global prices through the supply chain. The broad market losses were limited as participants continued to seek stocks that were tied to state-owned enterprises (SOEs) mixed-ownership reform theme. The Shanghai Composite Index fell 0.3% to close at 3,161.67. Sector performance was mixed, with gains were lead by transport and material shares, while infrastructure and utilities lagged. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, eased 0.17% to 3,358.27. The Shenzhen Composite Index, which tracks stocks on China's second exchange, dropped 0.24% to 1989.29. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, shed 0.51% to 1,951.68 points.

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