Share prices on China's Shanghai and Shenzhen retreated from new high in current bull run and closed tad lower on Tuesday amid shrinking turnover on weak key economic data released in the morning.
China's consumer price index (CPI), a main gauge of inflation, grew 1.2 percent year on year in May, the National Bureau of Statistics (NBS) said on Tuesday. The reading fell from 1.5 percent posted in April.
Meanwhile, China's producer price index (PPI), which measures wholesale inflation, slid 4.6 percent year on year in May, official statistics showed Tuesday. For the whole day, the benchmark Shanghai Composite Index decreased 0.36 percent to end at 5,113.53 points. The Shenzhen Composite Index went down 0.15 percent to end at 2,994.85, the SME Index for small firms fell 0.23 percent to end at 11,503.86 and the ChiNext index edged up 0.03 percent to close at 3,705.54.
Combined turnover of the two bourses shrank to 1.99 trillion yuan from 2.32 trillion yuan on the previous trading day. Stocks of insurance, securities dealers, telecom operation, transport services, hotels, banking, property, transport equipment, natural gas, and medical treatment sectors led the losers on Tuesday, while, the coal, shipbuilding, media and entertainment, mineral products, logistics, electricity grid, internet, and computer equipment sectors outperformed.
On the stock index futures market, the IF June contract sank 1.79 percent to end at 5,250.4, keeping a discount of 67.06 points to the underlying Hushen 300 Index, which decreased 0.68 percent to close at 5,317.46. The SSE 50 June contract plunged 2.90 percent to end at 3,415.8, keeping a premium of 1.8 points over the underlying SSE 50 Index, which fell 1.29 percent to close at 3,414.00.
The CSI June contract edged down 0.01 percent to close at 10,700.4, keeping a discount of 313.34 points to the underlying CSI 500 stock index, which lost 0.16 percent to end at 11,013.74.
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