China, Hong Kong stocks fall as upbeat inflation data raises tightening worries

china hong kong stocks fall as upbeat inflation data raises tightening worries

Sumary of China, Hong Kong stocks fall as upbeat inflation data raises tightening worries:

  • Article content SHANGHAI — China and Hong Kong stocks fell on Friday, as robust inflation data raised worries over policy tightening and foreign selling via the Stock Connect pressured the A-share market..
  • ** The CSI300 index fell 1.3% to 5,045.58 points at the end of the morning session, while the Shanghai Composite Index slipped 0.7% to 3,456.74 points..
  • ** China factory gate prices rose at their fastest annual pace since July 2018 in March, official data showed on Friday, as growth in the world second-largest economy continued to gather momentum..
  • ** Recent economic data has been robust, but analysts warn that it could lead to concerns of inflation and policy tightening….

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