July 9, 2014 / 7:06 AM / 3 years ago

-China shares post biggest losses in 3 weeks, led by tech firms

HONG KONG, July 9 (Reuters) - China shares had their biggest fall in three weeks on Wednesday, with tech firms leading losses following a tumble overnight in U.S. markets.

China’s consumer price inflation cooled slightly more than expected in June, data showed on Wednesday, pointing to lingering weakness in the world’s second-largest economy.

The Shanghai Composite Index ended down 1.2 percent at 2,038.61 points while the CSI300 of the leading Shanghai and Shenzhen A-share listings lost 1.5 percent. Both had their biggest daily loss since June 19 after closing at their three-week highs on Tuesday.

Top CSI300 percentage loser was Iflytek, which dived 8.1 percent. DHC Software slumped 5.0 percent to a 1-1/2-month low.

China’s trade data is expected on Thursday. Exports are forecast to rise 10.6 percent in June from a year ago, faster than May’s 7 percent expansion and the best showing in five months. (Reporting by Grace Li; Editing by Richard Borsuk)

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