SHANGHAI Jan 10 China's main indexes edged
lower on Tuesday, as investors took profits after a recent
strong rally fuelled by reforms hopes.
The blue-chip CSI300 index fell 0.2 percent, to
3,358.27 points, while the Shanghai Composite Index lost
0.3 percent to 3,161.67 points.
The broad market losses were limited as participants
continued to seek stocks that were tied to state-owned
enterprises (SOEs) mixed-ownership reform theme.
For the day, the best gainer was airliners, which soared
after reports that China Southern Air Holding Company planned to
push mixed-ownership reform by introducing strategic investors,
in particular internet enterprises.
Investors appeared to shrug off data showing producer prices
surged the most in more than five years in December, as prices
of coal and other raw materials soared.
The pick-up in prices reinforced views that the world's
second-largest economy is on steadier footing heading into the
new year, underpinned by stronger factory activity and domestic
demand which are being driven by a lending and construction
Sector performance was mixed. Gains were led by transport
and material shares, while
infrastructure and utilities lagged.
(Reporting by Luoyan Liu and John Ruwitch; Editing by Shri