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China stocks fell amid growth fears, June 15

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decline_8 June 15, 2011 (Chinavestor) Chinese stocks fell in Asia on Wednesday as inflation continues to play a central role in rate setting. The Hang Seng Index (INDEXHANGSENG:.HSI) fell 152.2 points or 0.7%, a decline led by expressway builders. Jiangsu Expressway Company Limited (HKG:0177) fell for the sixth day in a row amid fears that further tightening will keep utilization of toll roads low. Shenzhen Expressway Co. Ltd. (HKG:0548) and Zhejiang Expressway Co., Ltd (HKG:0576) were among the worst five components of the Hang Seng Index (INDEXHANGSENG:.HSI) for the day as well.

The Shanghai Composite Index (SHA:000001) fell in tandem with Hong Kong stocks. The index tumbled 24.6 points or 0.9 percent as financials stocks weighted on the index. Aluminum Corp. of China (SHA:601600) fell the most among large caps, a technical correction after days of 10% surges. 

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U.S. listed Chinese ETFs got a break on Tuesday. But outlook is different for Wednesday as most components of the Xinhua 25 China Index fell in Asia, boding ill for the iShares FTSE/Xinhua 25 China Index (NYSE:FXI).

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