HONG KONG, March 10 China's CSI300 share index
sank to a five-year closing low on Monday, dragged down by
financials after tepid economic data reignited fears of a bigger
slowdown in the world's second-largest economy.
The CSI300 of the largest Shanghai and Shenzhen
A-share listings dived 3.3 percent, hitting its lowest close
since Feb. 2, 2009. The Shanghai Composite Index ended
down 2.9 percent at 1,999.1 points in its worst day since June
The Nasdaq-style ChiNext Composite Index of
mainly high tech startups listed in Shenzhen tumbled 3.7
China's consumer prices rose 2 percent in February from a
year earlier, their slowest rate in 13 months as pork prices
fell by their most in over a year, a sign that slowing growth
rather than rising prices poses a risk.
Exports in February fell 18.1 percent from a year earlier,
following a 10.6 percent rise in January, the General
Administration of Customs said on Saturday. Imports rose 10.1
percent, yielding a trade deficit of $23 billion for the month
versus a surplus of $32 billion in January.
(Reporting by Clement Tan; Editing by Chris Gallagher)