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Chinese shares gained for a second day today as lower-than-expected inflation raised the prospect of further monetary easing.
China’s consumer-price index rose 0.8% on year in January, down from an already low 1.5% rise on year in December, according to data from the National Bureau of Statistics.
Producer prices, which have been dropping for nearly three years, declined 4.3% in January on year, the sharpest fall since late 2009.
The Shanghai Composite Index closed up 1.5% on the news at 3.141.27.