China stocks fall, led by tech, as US inflation stokes Fed fears

By Reuters News

SHANGHAI, Oct 15 (Reuters) - China stocks fell in early trade on Thursday, tracking broad weakness in global markets, as technology shares led declines after stronger-than-expected US inflation data fueled concerns that interest rates could remain higher for longer.


** In early trading, the Shanghai Composite index .SSEC lost 1.5%, while the blue-chip CSI300 index .CSI300 dropped 1.7%.

** The tech-focused STAR50 Index .STAR50 plunged 3.9%, while the startup board ChiNext Composite Index .CNT fell 3.1%.

** The dollar rose while Wall Street stocks fell after data showed US consumer prices rose more than expected last month, briefly reviving bets the Federal Reserve may raise interest rates.

** "The main theme overnight was a hotter-than-expected US inflation print which reignited Fed rate hike fears," analysts at Commerzbank said in a note.

** In Hong Kong, the benchmark Hang Seng index .HSI fell 1% in early trade.

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