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Inflation hurts stocks in HK, Shanghai

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narrow_range2 February 9, 2012 (Chinavestor) Chinese stocks eked out some gains in Shanghai but were missing direction in Hong Kong after January inflation data came out higher than expected. Official data shows that inflation in China hit 4.5% in January, more than the 4.0% analysts expected. That leaves the window shut for immediate monetary easing, a step investors were hoping for. All told the Shanghai Composite Index (SHA:000001) advanced 2.1 points or 0.1% while the Hang Seng Index (INDEXHANGSENG:.HSI) fell 8.5 points or 0.03%.

Chinese solar stocks rocked on U.S. exchanges as demand is shifting from Europe to the U.S. and Asia. Greece's difficulty to come to term with credits is going to put some pressure on overbought solar makers tough.

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