Chinese
stock-index futures were little changed before inflation data that will
signal whether demand is weakening in the world’s second-biggest
economy. The offshore yuan strengthened even as the central bank cut the
Chinese currency’s reference rate to the weakest level in four years.
The
CSI 300 December futures contract added 0.1 percent at 9:20 a.m. local
time. Six companies will make their trading debuts on Wednesday,
including Anji Foodstuff Co. China’s consumer-price index probably rose
1.4 percent in November, compared with growth of 1.3 percent in October.
The producer-price index likely fell 6 percent, extending its streak of
negative readings to 45 months. The offshore yuan rose 0.1 percent to
6.4864 per dollar in Hong Kong.
The
Shanghai Composite Index dropped 1.9 percent to 3,470.07 on Tuesday
after trade data signaled a deepening slowdown in the nation’s economy
and sinking crude prices dragged on oil companies.
The
CSI 300 Index retreated 1.8 percent. The Hang Seng China Enterprises
index fell 1.4 percent, dragged down by insurers, while the Hang Seng
Index slipped 1.3 percent. The Bloomberg China-U.S. Index fell 0.2
percent.
Source: Bloomberg
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