Chinese stocks went down Thursday, driven by the coal and financial sectors and ahead of the Friday release of consumer price index (CPI) data for January.
The benchmark Shanghai Composite Index went down 0.66 percent, or 15.95 points, to end at 2,418.53. The Shenzhen Component Index slid 0.18 percent, or 17.94 points, to 9,904.78.
Combined turnover on the two bourses stood at 192.72 billion yuan (30.93 billion U.S. dollars).
The coal sector dropped 1.03 percent. Yunnan Coal and Energy Co., Ltd. shrank 2.69 percent to 12.32 yuan per share. China Shenhua Energy Co., the country’s largest coal producer, shed 0.56 percent to 24.73 yuan.
The financial sector shed 0.74 percent. China Minsheng Banking Corp., the country’s first privately-owned bank, shrank 5.98 percent to 11 yuan.
Industrial and Commercial Bank of China Ltd., the country’s biggest listed lender, shed 2.04 percent to 4.33 yuan.
China Construction Bank Corp., the nation’s second-largest bank, dropped 2.59 percent to 4.89 yuan.
The central bank on Wednesday warned of inflationary pressure, saying that the influences of rebounding demand, labor supply changes and global monetary easing on prices must be watched closely.