Shanghai Composite falls after inflation data

The Mainland China's stock market submerged in negative turf on Thursday, 10 September 2015, due to profit booking after strong gains in previous two sessions. Selloff pressure arose amid persistent concerns over China's economy after tumble in producer prices reignited concern about a deeper economic slowdown. The declines were also fueled after remarks from Chinese Premier Li Keqiang who said on Thursday that China is not at risk of a hard landing. The Shanghai Composite Index lost 1.39%, or 45.20 points, to 3197.89 points, snapping a 5.3%, two-day advance. The Shenzhen Composite Index, which tracks stocks on China's second exchange, was down 1.58%, or 28.47 points, to 1770.38. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, dropped 1.57%, or 32.60 points, to close at 2039.12.

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