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A man reads information on an electronic screen at a brokerage house in
Shanghai April 14, 2008. China's main stock index lost more than 5.6% Monday as
investors cashed out of banking stocks amid worries
over the country's
persistently high inflation. [Agencies]
Chinese stocks suffered its biggest losses in more than two months on Monday,
as monetary tightening concerns grew in face of the highest inflation in more
than a decade.The benchmark Shanghai Composite Index tumbled 5.62 percent to
3,296.67 points, the biggest fall since it declined 7.19 percent on January 28.
The gauge has lost more than 37 percent so far this year.
Fears over another round of hikes in interest rates or bank reserve ratio
were a key factor behind the decline, analysts said.The Consumer Price Index, a
barometer of inflation, is expected to rise 8.3 percent in March year on year,
after surging a 12-year high of 8.7 percent in February, vice central bank
governor Liu Shiyu said over the weekend at a forum in Shanghai.
AUTHOR：Dong Zhixin | 
