China shares fall as June producer prices fuel growth, deflation fears

Chinese shares fell on
Wednesday as flat producer price inflation fuelled concerns
about domestic growth, and a flood of initial public offerings
targeting Shanghai’s new tech board diverted funds from the rest
of the market.
** At the close, the Shanghai Composite index was down
0.44% at 2,915.30.
** The blue-chip CSI300 index was down 0.17%, with its
financial sector sub-index lower by 0.28%, the
consumer staples sector up 0.35%, the real estate
index down 0.7% an