Hong Kong, China shares tepid in weak volumes

Hong Kong and China shares were weak on low volumes on Tuesday, with mainland-listed property developers mostly down after China reported a higher-than-expected inflation rate for June.

Annual consumer inflation quickened to 2.7 per cent in June from May’s 2.1 per cent, overshooting market expectations for 2.5 per cent on soaring food prices. Producer prices fell 2.7 per cent in June from a year earlier, a 16th straight monthly deflation.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1278744/hong-kong-china-shares-tepid-weak-volumes