Market Buzz: Chinese data leaves sour taste
After both the RTS and MICEX lost 1.8% on Friday, the Russian indices are expected to open on a negative note, proving sensitive to the news from the US, and tracking Asia lower after China’s inflation accelerated more than forecast.
Mainland Chinese shares declined after the National Bureau of Statistics said consumer prices in China rose 3.6% from a year earlier.
China’s Shanghai Composite gave up 0.65%. Japan’s Nikkei Stock Average is down 1.1%. Stock markets in Hong Kong, Thailand, the Philippines and Australia were closed for public holidays.