The Shanghai Composite fell 0.1% to around 3,995 while the Shenzhen Component lost 0.4% to 13,350 on Monday, with mainland stocks sliding for the second straight session as stronger-than-expected inflation data dampened hopes for near-term policy support. Data released over the weekend showed that consumer prices in China unexpectedly rose 0.2% in October, rebounding from a 0.3% fall in September and defying forecasts for no change. Producer prices fell 2.1% last month, the softest decrease in 14 months. Those figures followed trade data on Friday pointing to a surprise decline in exports and slowing imports. Tech and clean energy stocks led the decline, with notable losses from TBEA Co (-2%), Sungrow Power (-3.5%), Foxconn Industrial (-5.7%), Eoptolink Technology (-5.8%) and Zhongji Innolight (-4.2%).
