China stocks close at 14 — month low as US inflation stokes Fed fears
(Updates to the close) SHANGHAI, Oct 15 (Reuters) — Chinese stocks fell on Thursday to their lowest close in 14 months, tracking broad weakness across global markets, as technology shares led declines after stronger-than-expected US inflation data fuelled concerns that interest rates could rise further. * At the close, both the Shanghai Composite index and the blue-chip CSI300 index dropped 1.6%. * Both indexes recorded their lowest closing levels since August 2025. * The tech-focused STAR50 Index lost 1.5%, while the startup board ChiNext Composite Index fell 2.9%. * "The recent pullback seems to be driven more by a concentrated unwinding of elevated tech crowding, while mutual funds also face pressure related to break-even redemptions," said Lei Meng, China equity strategist at UBS Securities. * "Geopolitics, US Treasury yields and oil-price volatility have contributed to tighter dollar liquidity due to their impact on inflation expectations, weighing on market risk appetite." * The dollar rose while Wall Street stocks fell after data showed US consumer prices rose more than expected last month, briefly reviving bets the Federal Reserve may raise interest rates. * "The main theme
(Updates to the close) SHANGHAI, Oct 15 (Reuters) — Chinese stocks fell on Thursday to their lowest close in 14 months, tracking broad weakness across global markets, as technology shares led declines after stronger-than-expected US inflation data fuelled concerns that interest rates could rise further. 6%. * Both indexes recorded their lowest closing levels since August 2025. 9%.
* "The recent pullback seems to be driven more by a concentrated unwinding of elevated tech crowding, while mutual funds also face pressure related to break-even redemptions," said Lei Meng, China equity strategist at UBS Securities. " * The dollar rose while Wall Street stocks fell after data showed US consumer prices rose more than expected last month, briefly reviving bets the Federal Reserve may raise interest rates. * "The main theme overnight was a hotter-than-expected US inflation print which reignited Fed rate hike fears," analysts at Commerzbank said in a note.
* Meanwhile, investors are turning their attention to China's third-quarter gross domestic product data due on Monday for clues on the strength of the economic recovery following a string of upbeat data ranging from trade to credit lending. * The International Monetary Fund on Thursday projected Asia's economic growth would moderate next year and warned of heightening risks from the Iran war-induced energy shock, a potential correction in the AI boom and spillovers from rising global bond yields. 7%. 7%.
(Reporting by Shanghai Newsroom; Editing by Ronojoy Mazumdar, Mrigank Dhaniwala and Sonia Cheema)