Chinese shares fall on Monday despite upbeat data

Updated 2017-10-16 17:02:54 Xinhua

Chinese stocks closed lower Monday, dragged down by the environmental protection and oil sectors.

The benchmark Shanghai Composite Index fell 0.35 percent to close at 3,378.8. The Shenzhen Component Index closed 1.12 percent lower at 11,271.2.

The ChiNext Index, China's NASDAQ-style board, lost 2.25 percent to close at 1,882.69.

Combined turnover on the two bourses stood at 545.9 billion yuan (83billion U.S. dollars), up from 458.6 billion yuan the previous trading day.

Sectors including environmental protection and oil led the declines with their sub-indices dropping 2.4 percent and 2.38 percent respectively.

Investors were cautious despite China released upbeat producer price inflation (PPI) figures Monday. The PPI unexpectedly accelerated to a six-month high in September.

The PPI, which measures the cost of goods at the factory gate, was up by a forecast-beating 6.9 percent year on year in September, according to the National Bureau of Statistics.

For January-September, the PPI climbed 6.5 percent year on year, an encouraging sign in an economy seeking to renew growth momentum amid lingering downward pressures.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 18 2018 03:09:30

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 18 2018 03:09:30

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 18 2018 03:09:30

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords