Shanghai Composite falls 0.29%

Mainland China share market ended down in volatile trading on Thursday, 11 September 2014, amidst weaker than expected Chinese inflation data and on concern recent stocks rally were excessive relative to the outlook for the economy. The eight out of ten SSE sectors declined, with shares of consumer staples companies being major losers. The benchmark Shanghai Composite closed 6.63 points down at 2311.68. The CSI 300 declined 8.98 points to 2423.45.

The National Bureau of Statistics said in Beijing today that consumer price index rose 2% from a year earlier, compared with growth of 2.3% in July. The rise in the inflation gauge undershot the median 2.2% gain forecast by economists. The producer price index fell 1.2%, compared with projections for a 1.1% drop.

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