China’s Stocks Complete Longest Losing Streak Since January
- Consumer prices projected to have quickened to 2.4% in March
- H shares rise for first time in five days after bull market
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China’s stocks dropped for a third day, the longest losing streak in two months, amid concern next week’s inflation data will make it difficult for the government to further ease monetary policy.
The Shanghai Composite Index fell 0.8 percent to close below the 3,000 level for the first time since March 29. Declines were led by consumer and industrial companies. Monday’s data are projected to show the consumer-price index climbed to 2.4 percent in March. Reports on trade, industrial production and new bank lending are also expected in the coming days. While below the government’s target, faster inflation may be enough to give it pause before lowering borrowing costs.