Asian stock markets fall

Friday, 15 April 2011 11:24

Asian stock markets fell after China reported inflation climbed again, raising fears among investors that the government will have to take further measures to cool the country's ongoing economic growth.

China's Shanghai Composite Index was down 0.5 % at 3,026.44, Hang Seng Index fell 0.3 % to 24,008, Nikkei 225 fell 0.7 % to 9,591.01, Kospi was down 0.4 % to 2,133.17, Straits Times fell 0.25% to 3,151.48 and All Ords was down 0.67 % at 4,939.30.

Data released today shows that Chinese consumer prices rose 5.4 percent over a year ago, driven by surging food costs. That's up from February's 4.9 percent increase and was a setback for communist leaders who have boosted interest rates four times since October and taken other steps to cool prices.