China stocks fall on data showing inflation rate rose in Feb

jueves 10 de marzo de 2016 03:07 GYT

SHANGHAI, March 10 (Reuters) - China stocks fell roughly 2 percent on Thursday, led by banking and energy shares, as investors interpreted data showing consumer inflation rising faster than forecast as largely negative for an economy struggling to find momentum.

China's blue-chip CSI300 index fell 1.9 percent, to 3,013.15, while the Shanghai Composite Index lost 2.0 percent, to 2,804.73 points, adding fresh evidence that the recent rally is running out of steam.

The data, which showed February consumer inflation accelerating at its fastest pace since July 2014, limits room for monetary easing, analysts say.

But the inflation report helped companies making consumer products stand out as winners on Thursday. (Reporting by Samuel Shen and Nathaniel Taplin; Editing by Richard Borsuk)