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ASIA:
The mainland China share market finished the session lower on Thursday, May 13, 2021, amid bearish sentiment stemming from rising US inflation and concern to bring forward monetary stimulus tapering, an online business daily reported. Meanwhile, weaker than expected new loan data for April and Sino-U. S. tensions also weighed down sentiments. At the closing bell, the benchmark Shanghai Composite Index declined 0.96%, or 33.22 points, to 3,429.54. The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 0.81%, or 18.51 points, to 2,253.30. The blue-chip CSI300 index fell 1.02%, or 51.58 points, to 4,992.97.
Indian inflation eased to a three-month low in April as food costs rose more slowly, but lockdowns to contain the country’s raging coronavirus epidemic risk creating supply bottlenecks that could fuel price pressures in coming months. Annual retail inflation rose 4.29%, down from 5.52% in March and near the 4.20% forecast in a Reuters poll of economists. Food prices, which account for nearly half of the Ministry of Statistics’ inflation basket, rose 2.02% compared with 4.87% in the previous month.