China's Stocks Are a Ragbag in the Morning
Tang Shihua
DATE:  Feb 15 2019
/ SOURCE:  yicai

(Yicai Global) Feb. 15 -- China's stock markets were mixed during the morning session.

Profit-taking activities and less-than-ideal economic data subdued activity in many sectors, but speculative buying of technology stocks gave some cause for consolation.

The Shanghai Composite Index was down 0.62 percent to 2,702.83 points at the lunch bell. The Shenzhen Component Index was down 0.28 percent to 8,196.59 points, while the ChiNext Price Index of Shenzhen's growth companies continued to move up 0.51 percent to 1,368.86 points in a three-month high.

The three major market indexes have been in a jovial mood recently, with all climbing more than 5 percent this week, and the tech-centric ChiNext Price Index grabbing about 10 percent gains in the period.

China's inflationary pressure came in at under market expectations and its producer price index shrank to its lowest point in the past 28 months. The latest data the country's National Bureau of Statistics released today show.

China's Consumer Price Index CPI for January rose 1.7 percent annually, while the PPI, a gauge of industrial profitability, rose only 0.1 percent from a year earlier, the lowest reading over the past 28 months.

Editor: Ben Armour

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index