SHANGHAI: China’s stocks swung between gains and losses after the release of inflation data, while the first six companies to make their trading debut in five months soared.
The Shanghai Composite Index dropped 0.3 per cent to 3,461.03 at 9:51 aM, after gaining as much as 0.3 per cent. China’s consumer inflation rose more than estimated while factory-gate deflation extended declines to 45 months.
The Hang Seng China Enterprises index fell 0.8 per cent to the lowest level since September in Hong Kong. The yuan slipped after the central bank cut the Chinese currency’s reference rate to the weakest level in four years.
