China's stocks fell moderately at opening on Wednesday, weighed by a series of economic data including the market-sensitive inflation and the hike of bank's reserve requirement ratio (RRR).
The benchmark Shanghai Composite Index lost 0.45 percent, or 12.36 points, to open at 2,717.68.
The Shenzhen Component Index dropped 28.84 points, or 0.25 percent, to open at 11,703.19.
The National Bureau of Statistics released a series of economic data on Tuesday, with the Consumer Price Index (CPI), a main gauge of inflation, shooting to the highest level in nearly three years at 5.5 percent in May.
The central bank, the People's Bank of China, raised bank's reserve requirement ratio for the sixth time this year by 50 basis points, demanding major banks to keep a record high of 21.5 percent of their depostits in reserves to reduce lending amid efforts to cool the price rises.
Source:Xinhua
Weekly review
The benchmark Shanghai Composite Index lost 0.45 percent, or 12.36 points, to open at 2,717.68.
The Shenzhen Component Index dropped 28.84 points, or 0.25 percent, to open at 11,703.19.
The National Bureau of Statistics released a series of economic data on Tuesday, with the Consumer Price Index (CPI), a main gauge of inflation, shooting to the highest level in nearly three years at 5.5 percent in May.
The central bank, the People's Bank of China, raised bank's reserve requirement ratio for the sixth time this year by 50 basis points, demanding major banks to keep a record high of 21.5 percent of their depostits in reserves to reduce lending amid efforts to cool the price rises.
Source:Xinhua
Weekly review
