SHANGHAI Dec 13 China stocks erased early
losses to end roughly flat on Tuesday, as better-than expected
November retail sales and factory output data encouraged
bargain-hunting after the previous session's slump.
The blue-chip CSI300 index fell 0.1 percent, to
3,405.04 points, while the Shanghai Composite Index rose
0.1 percent to 3,155.04 points.
On Monday, China stocks suffered their biggest drop since
June to hit a one-month low. Investors were rattled by fresh
regulatory curbs on insurers' stock investments, and worries
about incoming U.S. president Donald Trump's China policy.
The selloff continued early Tuesday morning, but sentiment
improved after the release of stronger-than-expected factory
output and retail sales figures.
China posted its strongest retail sales growth of the year
in November, while surging steel production lifted factory
output, but private investment began to slow again, leaving the
economy more reliant on state spending and mounting debt.
Shenzhen shares outperformed, with the Shenzhen benchmark
index rising 0.3 percent.
Most sectors rallied, led by consumer and energy
shares, while banks and infrastructure
(Reporting by Luoyan Liu and John Ruwitch; Editing by Richard