China stocks set for worst day in two months as inflation climbs

China's factory-gate prices grew at the fastest pace in 26 years in October while consumer inflation also accelerated to come above market expectations

Chinese equities dropped, nearing their lowest level in a year, as a pickup in October’s inflation dampened hopes for easing measures to help economic growth. 

The benchmark CSI 300 Index declined 1.4% as of 1:22 pm local time, set for its biggest slide since Sept. 14. Most sector subgauges fell, with materials and consumer shares leading the retreat with losses of at