China Stocks Mixed After Inflation Data

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The Shanghai Composite edged up 0.2% to above 3,810 while the Shenzhen Component slipped 0.3% to 12,470 on Wednesday, with mainland markets lacking clear direction as investors weighed fresh inflation figures.
Consumer prices fell 0.4% year-on-year in August, the steepest drop in six months, while producer prices declined 2.9%, easing from July's 3.6% fall but extending deflation to a 35th straight month.
The data offered little clarity on the economic outlook or scope for additional policy support.
Still, Chinese equities hovered near multi-year highs, underpinned by strong fund inflows and broader market participation.
On the corporate side, Chinese tech firms in Apple's supply chain gained after the company unveiled new iPhones, Apple Watches and AirPods on Tuesday, with Foxconn Industrial jumping 9.4%.

Sumber : tradingview.com

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