Money

Chinese shares inch up on lower inflation data

(Xinhua)
Updated: 2010-02-11 16:05
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Chinese equities inched up Thursday as the newly-released January consumer price index, a main gauge to measure inflation, was lower than market expectation, sparking speculation that the central bank would delay interest rate increases.

Related readings:
Chinese shares inch up on lower inflation data Chinese shares gain on eased concern about tightening policy
Chinese shares inch up on lower inflation data Chinese shares gain for first time in four days
Chinese shares inch up on lower inflation data Chinese shares further down on Monday
Chinese shares inch up on lower inflation data Chinese shares fall to three-month low - Fri

The benchmark Shanghai Composite Index edged up 0.1 percent, or 3 points, to 2,985.5 points. The Shenzhen Component Index gained 0.32 percent, or 39.22 points, to 12,224.6 points.

Combined turnover shrank to 112.52 billion yuan ($16.47 billion) from 115.46 billion yuan on the previous trading day.

Losers outnumbered gainers by 540 to 311 in Shanghai and 484 to 373 in Shenzhen.

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