This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-34524698

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Asian shares in negative territory on China data Asian shares down on weak Chinese inflation data
(about 7 hours later)
Asian shares were mostly in negative territory on Wednesday as investors continued to digest disappointing Chinese trade figures released on Tuesday, and as China's latest inflation numbers were released. Asian shares ended Wednesday lower as investors digested more disappointing economic data from China.
Japan's benchmark Nikkei index was down 1.8% at 17,907.39 points following Wall Street's lead. Inflation figures were weaker than expected, and came a day after trade figures showed a steep fall in imports.
Hong Kong's Hang Seng index was down 0.61% at 22,460.16. Consumer inflation slowed to 1.6% in September from 2% in August, while producer prices fell for the 43rd consecutive month.
The mainland's Shanghai Composite was flat, up just 0.19% at 3,299.51. The Shanghai Composite closed down 1% at 3,262.44, while Hong Kong's Hang Seng index was down 0.7% at 22,439.91.
In Australia, the S&P/ASX 200 was down 0.56% at 5,173.80 points, while South Korea's benchmark Kospi index was down 0.55% at 2,007.72 points. China's wholesale inflation was in line with expectations, but consumer inflation was expected to rise 1.8%. The government's target for consumer inflation is about 3%.
China numbers The world's second largest economy is trying to transition away from an export-led economy towards a consumer-led one as economic growth slows.
Analysts said that they would be watching Chinese shares carefully again today after official data showed consumer inflation in the country was up 1.6% in September compared with a year earlier, and that wholesale inflation was down 5.9%. The rest of Asia was also lower following the data with Japan's benchmark Nikkei index closing down 1.8% at 17,907.39.
The wholesale numbers were in line with expectations, but consumer inflation was expected to rise 1.8%. China's target for consumer inflation is about 3%. Australia's S&P/ASX 200 fell 0.6% to 5,173.80, while South Korea's benchmark Kospi index dropped 0.6% to 2,007.72.
China's latest economic data released on Tuesday showed that imports in September fell by a more-than-expected 17.7% in yuan-denominated terms, while exports fell 1.1% from a year earlier.
As it continued to face a slow-down in economic growth, China is trying to move away from an export-led economy towards one led by consumer demand.
The sharp fall in imports posted on Tuesday raised concerns around the world that domestic demand was weakening in China, the world's second largest economy.