China stocks fall on first trading day of year on Premiers outlook
A Chinese investor looks at share prices (green for price falling) at a stock brokerage house in Fuyang, east Chinas Anhui province, 4 January 2011.
Chinas stocks fell on the first trading day of 2012 after Premier Wen Jiabao said business conditions may be relatively difficult this quarter as inflation stays elevated and overseas demand weakens. The Shanghai Composite Index, which tracks the bigger of Chinas stock exchanges, fell 30 points, or 1.4 percent, to 2,169.39 at the close, the biggest loss since Dec. 15. The CSI 300 Index slid 2 percent to 2,298.75. Chinas markets were shut Jan. 3 and Jan. 2 for the holidays.
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