Share prices on China's Shanghai and Shenzhen bourses retreated some one percent on Wednesday as investors began to pocket their gains after four-day straight rises.
China's consumer price index (CPI) rose 1.6 percent year-on-year in September, slower than a 2.0 percent increase in August, the National Bureau of Statistics said on Wednesday. It marked the first month of slowdown in consumer inflation after three consecutive months of acceleration.
For the whole day, the benchmark Shanghai Composite Index edged down 0.93 percent to end at 3,262.44 points. The Shenzhen Composite Index lost 1.2 percent to end at 1,884.16. The SME Index for small firms went down 1.07 percent to end at 7,399.97 and the ChiNext Index dropped 1.58 percent to close at 2,305.00. Combined turnover of the two bourses expanded to 769.14 billion yuan from 521.05 billion yuan on the previous trading day.
Stocks of transport equipment, logistics and aviation sectors led the gainers while those in public transport, medical care, automobile, insurance, food and beverage, machinery, tourism, securities brokerage, property, computer and petroleum sectors led the losers.
On the stock index futures market, the IF October contract shed 1.19 percent to end at 3,377, keeping a discount of 29.11 points to the underlying Hushen 300 Index, which lost 1.13 percent to close at 3,406.11. The SSE 50 October contract fell 1.09 percent to end at 2,240, keeping a discount of 13.91 points to the underlying SSE 50 Index, which went down 0.75 percent to close at 2,253.91. The CSI October contract went down 0.87 percent to end at 6,645.2, keeping a discount of 79.3 points to the underlying CSI 500 stock index, which fell 1.14 percent to end at 6,724.50.
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