China stocks pressure by downbeat CPI and PPI readings

Mainland China share market declined from seven years peak on Tuesday, 09 June 2015, amid profit booking after downbeat CPI and PPI readings and on caution before the MSCI Inc. decision later in the global day on whether it will add domestic stocks to its emerging markets index. The benchmark Shanghai Composite Index decreased by 18.35 points, or 0.36%, to close at 5113.53, after closing Monday at its highest since January 2008.

Data from the National Bureau of Statistics showed on Tuesday that China's consumer inflation eased in May, growing at 1.2% year-on-year, a slowest pace in five months, renewing concerns about slowing growth in the world's second largest economy. Meanwhile, producer prices fell 4.6% in May from a year earlier.

Powered by Capital Market - Live News