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Shares end 1.19% lower on high PPI rise rate

(Xinhua)
Updated: 2008-05-09 16:53

Chinese shares fell 1.19 percent on Friday, as the country's producer price index (PPI) for industrial products released on Friday rose 8.1 percent in April over the same month last year, putting more pressure on the inflation rate.

The benchmark Shanghai Composite Index, which covers both A and B shares, closed at 3,613.49 points, down 43.35 points, or 1.19 percent from the previous close.

The Shenzhen Component Index fell 237.16 points, or 1.78 percent, to 13,080.37 points.

Combined turnover has picked up from 153.85 billion yuan ($21.98 billion) on Thursday to 188.18 billion yuan on Friday.