China stocks fall on US rate concerns
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Chinese stocks fell on Monday as investors expressed concerns about US interest rates. The Shanghai Composite index closed down 0.72% at 3,047.05, while the blue-chip CSI 300 index was down 0.88%. The smaller Shenzhen index ended down 1.78% and the start-up board ChiNext Composite index was weaker by 1.813%. Broader Asian shares also started the week softer. Investors are awaiting economic data, including the US consumer price index (CPI) report and credit data, inflation readings, and trade figures from China.
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