Hong Kong shares slowdown

Hong Kong shares slowdown

Hong Kong share prices closed 1.61% lower on Monday as investors took profits amid worries that China 's inflation data will cause authorities to make fresh tightening measures.

China said on Monday that producer or wholesale prices rose 6.10 percent year-on-year in January, the fastest pace in over three years, due to higher raw material, power and fuel costs. Consumer inflation figures are also expected to be high following recent snowstorms.
Dealers also noted that the market lost momentum in line with many regional bourses due to worries over the US economy.