(Yicai Global) April 11 -- China's mainland stock markets declined as investors averted big purchases due to inflation worries.
The Shanghai Composite Index dropped 1.6 percent to 3,189.96 points at the close. The Shenzhen Component Index fell 2.7 percent to 10,158.40. The ChiNext Index, which tracks growth enterprises in Shenzhen, declined 2.1 percent to 1,691.10. The trading volume was moderate.
China's consumer price index increased 2.3 percent in March from a year ago, the biggest gain for the inflation gauge since last October, according to the National Bureau of Statistics. The producer price index also ascended 0.4 percent.
The CPI and PPI data fell within economists' expectations, but major indexes' double-digit gains from earlier this year seem to be taking a break. Investors are withholding from big moves, knowing that rising inflation could cause regulators to refrain from implementing more accommodating fiscal and monetary policies.
Editor: Emmi Laine