Pork Rally Fails to Reverse Drops in Chinese Stock Indexes Before Lunch
Xu Wei
DATE:  Sep 10 2019
/ SOURCE:  yicai

(Yicai Global) Sept. 10 -- Rising pork equities, prompted by soaring prices, did little to buoy the performance of China's three major mainland stock indexes going into lunch.

The Shanghai Composite Index slid 0.36 percent to 3,013.71. The Shenzhen Component Index was 0.64 percent down at 9,938.03, and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, fell 0.56 percent to 1,723.50.

Equities related to pork producers advanced 1.25 percent in the morning.

Last month, China's consumer prices rose 2.8 percent from a previous year, and the price of pork jumped by 46.7 percent, according to data published by the National Bureau of Statistics today.

Editor: Emmi Laine 

Follow Yicai Global on
Keywords: