China stocks fall on higher bond yields, weak data; Hong Kong little changed [Reuters (UK)]
CHINA TELECOM (CHA)
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Source: Reuters
China stocks fall on higher bond yields, weak data; Hong Kong little changed | Reuters Reuters Staff 3 Min Read * HK-Shanghai Connect daily quota used -0.8 pct, Shanghai-HK daily quota used 10.6 pct * Batch of Oct data show economy cooled further SHANGHAI, Nov 14 (Reuters) - China’s main Shanghai stock market fell on Tuesday morning after a batch of data showed the economy cooled further last month and as Chinese treasury yields continued to creep up in a sign of tightening liquidity By lunch time, the Shanghai index was down 15.42 points or 0.45 percent at 3,432.41. Data on Tuesday showed that China’s economy lost steam in October, with industrial output, fixed asset investment and retail sales missing expectations as the government extended a crackdown on debt risks and factory pollution. Sentiment was further dented by signs that liquidity in the banking system remains tight, with China’s benchmark 10-year treasury yields almost touching 4 percent, the highest level in three years.
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