Weak Economic Data Weighs on Chinese Shares; Gree Real Estate Drop 8%

MT Newswires Live07-10

Chinese shares retreated on Wednesday as sentiment soured over disappointing producer and consumer prices.

The Shanghai Composite Index fell 0.7%, or 20.01 points, to close today's trade at 2,939.36. The Shenzhen Component Index marginally slipped to 8,697.22.

Chinese producer prices slid for 21 consecutive months in June, slipping 0.8% year on year, lower than the 1.4% contraction in the previous month.

The figures show that domestic demand remains weak, Pinpoint Asset Management's chief economist, Zhiwei Zhang, said.

Consumer prices also slowed down, although it grew 0.2% in June, rising for the fifth consecutive month. It was slower than the 0.3% rise in May.

In corporate news, Gree Real Estate (SHA:600185) dipped 8.1% at the close after announcing that its first-half loss is expected to widen to up to 780 million yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2450854964?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-07-10 15:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2450854964","market":"hk","top_or_hot":-1,"title":"Weak Economic Data Weighs on Chinese Shares; Gree Real Estate Drop 8%","media":"MT Newswires Live","content":"<html><body><p> Chinese shares retreated on Wednesday as sentiment soured over disappointing producer and consumer prices.</p><p>The Shanghai Composite Index fell 0.7%, or 20.01 points, to close today's trade at 2,939.36. The Shenzhen Component Index marginally slipped to 8,697.22.</p><p>Chinese producer prices slid for 21 consecutive months in June, slipping 0.8% year on year, lower than the 1.4% contraction in the previous month.</p><p>The figures show that domestic demand remains weak, Pinpoint Asset Management's chief economist, Zhiwei Zhang, said.</p><p>Consumer prices also slowed down, although it grew 0.2% in June, rising for the fifth consecutive month. It was slower than the 0.3% rise in May.</p><p>In corporate news, Gree Real Estate (SHA:600185) dipped 8.1% at the close after announcing that its first-half loss is expected to widen to up to 780 million yuan.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Weak Economic Data Weighs on Chinese Shares; Gree Real Estate Drop 8%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWeak Economic Data Weighs on Chinese Shares; Gree Real Estate Drop 8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-10 15:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese shares retreated on Wednesday as sentiment soured over disappointing producer and consumer prices.The Shanghai Composite Index fell 0.7%, or 20.01 points, to close today's trade at 2,939.36. ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0173","symbol_name":"粤港澳大湾区","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2450854964","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2450854964","pubTimestamp":1720597657,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Chinese shares retreated on Wednesday as sentiment soured over disappointing producer and consumer prices.The Shanghai Composite Index fell 0.7%, or 20.01 points, to close today's trade at 2,939.36. The Shenzhen Component Index marginally slipped to 8,697.22.Chinese producer prices slid for 21 consecutive months in June, slipping 0.8% year on year, lower than the 1.4% contraction in the previous month.The figures show that domestic demand remains weak, Pinpoint Asset Management's chief economist, Zhiwei Zhang, said.Consumer prices also slowed down, although it grew 0.2% in June, rising for the fifth consecutive month. It was slower than the 0.3% rise in May.In corporate news, Gree Real Estate  dipped 8.1% at the close after announcing that its first-half loss is expected to widen to up to 780 million yuan.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"600185":"格力地产","BK0173":"粤港澳大湾区","BK0188":"融资融券","BK0028":"国家队","BK0201":"可转债","BK0012":"证金概念","BK0273":"房地产","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"疲弱的经济数据打压中国股市；格力地产跌8%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600185":0.9,"CFA.SI":1},"content_text":"Chinese shares retreated on Wednesday as sentiment soured over disappointing producer and consumer prices.The Shanghai Composite Index fell 0.7%, or 20.01 points, to close today's trade at 2,939.36. The Shenzhen Component Index marginally slipped to 8,697.22.Chinese producer prices slid for 21 consecutive months in June, slipping 0.8% year on year, lower than the 1.4% contraction in the previous month.The figures show that domestic demand remains weak, Pinpoint Asset Management's chief economist, Zhiwei Zhang, said.Consumer prices also slowed down, although it grew 0.2% in June, rising for the fifth consecutive month. It was slower than the 0.3% rise in May.In corporate news, Gree Real Estate (SHA:600185) dipped 8.1% at the close after announcing that its first-half loss is expected to widen to up to 780 million yuan.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2450854964"}