Chinese consumer and producer inflation data for March, both released on Monday, came in above expectations.
plunged more than 7% after the firm announced a suspension in production due to disruptions at its supply chain partners as a result of Covid.
The more notable fact is the big gap between CPI and PPI, and that indicates that pricing power amongst most companies in China is weak and they're taking a hit on margins.China's producer inflation for March was higher than expected. The producer price index surged 8.3% as compared with a year ago, official data showed Monday, above expectations for a 7.9% increase in a Reuters poll.
Chinese consumer inflation also rose more than expected in March, with the consumer price index climbing 1.5% year-on-year. That was above expectations in a Reuters poll for a 1.2% increase.Stock picks and investing trends from CNBC Pro: