China stocks retreat as steep factory price slump weighs; HK rises [Reuters]
CHINA TELECOM (CHA)
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Source: Reuters
China stocks retreat as steep factory price slump weighs; HK rises - Reuters 4 Min Read * SSEC -0.4%, CSI300 -0.6%, HSI 0.1% * HK-Shanghai Connect daily quota used 2%, Shanghai-HK daily quota used 0.8% * FTSE China A50 -0.6% SHANGHAI, Sept 10 (Reuters) - China stocks retreated on Tuesday, snapping their week-long winning streak, after data showed country’s factory-gate prices had shrunk at the sharpest pace in three years in August, reinforcing the urgency for Beijing to step up stimulus. ** The CSI300 index was down 0.6% at 3,950.30 points at the end of the morning session, while the Shanghai Composite Index slipped 0.4% to 3,013.71 points. ** Analysts say flagging demand at home and abroad is forcing some Chinese businesses to slash prices to win new orders or cut output to contain costs, chipping away at already-lean profits and further dampening business confidence. ** U.S. Treasury Secretary Steven Mnuchin on Monday said he did not see the threat of a recession as the Trump admin
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