Chinese stocks edged lower on Wednesday as selling pressure on artificial intelligence-related supply chain shares intensified and investors assessed mixed domestic inflation data, keeping the blue-chip benchmark near a one-year low, according to a report by Reuters.
The CSI300 Index fell 0.3% by the midday break, while the Shanghai Composite Index was little changed. Hong Kong's Hang Seng Index edged up 0.2%. China's producer prices rose at their fastest pace in more than four years in September, while consumer inflation came in below market expectations. Higher oil and commodity prices pushed up factory-gate costs, but subdued domestic demand continued to limit broader inflationary pressures, the report stated.
