⁍ Chinese A-shares fell on Tuesday, weighed by industrial and consumer staple firms.
⁍ Data showed a slowdown in industrial profit growth in September.
⁍ The yuan was quoted at 6.7021 per U.S. dollar, 0.14% firmer than the previous close of 6.7118.
– The Shanghai Composite Index fell on Tuesday, weighed by industrial and consumer staple firms, after data showed a slowdown in industrial profit growth in September. At the midday break, the Shanghai Composite index was down 0.37% at 3,239.03 points. China’s blue-chip CSI300 index fell 0.33%, with its industrial sector sub-index down 0.87%. Financial shares slipped 0.71% and the consumer staples sector dipped 0.19%. Profits at China’s industrial firms rose 10.1% in September year-on-year but growth slowed from August, data from the National Bureau of Statistics showed on Tuesday, as factory-gate deflation and rising raw materials costs undercut a recovery in the manufacturing sector.
Source: https://www.reuters.com/article/china-stocks-midday/china-shares-fall-as-industrial-profit-growth-slows-idUSL1N2HI09Z