3/10/2016

Inflation heading up, fast

Shares in Asia mixed with Shanghai down after higher than seen CPI
Investing.com - Asian shares were mixed on Wednesday with Shanghai down afterconsumer inflation ticked higher than expected, throwing into doubt the scope for further easing.
Consumer prices in China rose at a faster pace than expected in February, setting the stage for a tighter corridor to ease monetary policy in the face of slowing growth.
In China CPI for February rose 1.6%, above the gain of 1.1% expected month-on-month for a year-on-year pace of 2.3%, well above the 1.9% seen.
That sent the Shanghai Composite Index down 1.20% to 2,828.06, while Hong Kong'sHang Seng Index was up 0.60% to
20,116.10.

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