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EU split on crisis hurts China stocks

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bear_bull December 9, 2011 (Chinavestor) Chinese stocks fell in Asia after news that European leaders found it hard to agree on how to solve the crisis spread. The Hang Seng index (INDEXHANGSENG:.HSI) tumbled 521.6 points or 2.8% on top of a 132 points slide a day earlier. The index fell 2.4% for the week as Europe keeps China stocks hostage.

Inflation slowed in China to 4.2%, the lowest in the year, helping restore some confidence into mainland stocks. The Shanghai Composite Index (SHA:000001) shed 14.6 points or 0.6% as investors hope for monetary easing.

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