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Shanghai composite index falls to 15-month low

The Shanghai composite index has closed at a 15-month low after data pointed to slowing growth and rising inflation.

The index dropped 19 points or 0.8% to 2,364 at the end of trading, its lowest close since April last year.

Shanghai was one of the first markets to recover after the global financial crisis, but peaked in August last year. It has since fallen 32%.

BBC News

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Posted by Dean Popplewell at 9:37 am UTC, 05/23/2012
Posted by Dean Popplewell at 9:32 am UTC, 05/23/2012
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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%