HONG KONG, April 9 (Reuters) - Hong Kong shares posted their
first gain in four sessions on Tuesday as slower-than-expected
inflation in China eased concerns about potential tightening
moves in the world's second-largest economy.
The Hang Seng Index closed up 0.7 percent at 21,870.3
on Tuesday, its first gain since April 2. The China Enterprises
Index of the top Chinese listings in Hong Kong climbed
The CSI300 of the leading Shanghai and Shenzhen
A-share listings closed up 0.7 percent, the first rise in seven
days. The Shanghai Composite Index had its first gain in
five days, of 0.6 percent, and closed just above its 100-day
moving average at about 2,223.9.
* China's annual consumer inflation rate eased to 2.1
percent in March, compared with a 2.4 percent Reuters poll
consensus and February's 3.2 percent. Producer price deflation
deepened, dropping 1.9 percent in March, versus a 1.8 percent
consensus and February's 1.6 percent year-on-year drop.
* China-focused food producer Want Want China rose
3 percent from Monday's one-month closing low on hopes that
benign inflation will ease margin pressures.
* Shoe retailer Belle International jumped 4.4
percent as investors cheered its positive first quarter
same-store sales growth (SSSG). The 11 percent increase for its
sportswear business in the first quarter was its fastest in more
than four years, Bank of America-Merrill Lynch analysts said.
* More Chinese economic data is expected later this week,
with trade on Wednesday, then money supply and loan growth
expected between April 10 and 15.