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China Shares Fall, Weighed by Consumer and Auto Stocks


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0144 GMT — Chinese shares are lower in early trade as investors remain skeptical whether the recent easing measures will lead to sustained economic recovery. “While this past week activity indicators were better than expected, the market would like to see at least another one to two months of better data before investors regain any confidence on China’s stock markets,” Nomura analysts say in a research note. Consumer and auto stocks lead the losses. Kweichow Moutai declines 1.0% and Dongfeng Automobile is down 0.7%. Hangzhou HIK Vision Digital Technology Co. loses 1.8%. The benchmark Shanghai Composite Index is down 0.2% at 3120.01, the Shenzhen Composite Index is 0.5% lower and the tech-heavy ChiNext Price Index is down 0.6%. (

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