The benchmark Shanghai Composite Index closed at 2,fake oakleys,170.8 points,cheap oakley sunglasses, wiping out a one-percent rise last Friday when the market was temporarily boosted by the central bank’s second cut in official interest rate this year to boost the economy.
The 2,cheap oakley sunglasses.4 percent drop was the biggest daily percentage fall in more than a month.
Banks,fake oakleys, which tend to be more vulnerable amid an economic slowdown,cheap oakley sunglasses, were among the bigger losers on Monday. Top lender the Industrial and Commercial Bank of China dropped 2.8 percent.
China’s consumer and producer prices eased more than expected in June, the latest official data showed on Monday,cheap oakley sunglasses, signaling falling demand for goods and the likelihood of more growth-supporting policy moves from Beijing.
Annual consumer inflation cooled to a 29-month low of 2.2 percent in June versus May’s 3.0 percent,cheap oakley sunglasses, with a month-on-month CPI fall of 0.6 percent,cheap oakley sunglasses, twice the rate of decline expected.
(Reporting by Lu Jianxin and Kazunori Takada)