Chinese stock-index futures were little changed before inflation data that will signal whether demand is weakening in the world’s second-biggest economy. The offshore yuan strengthened even as the central bank cut the Chinese currency’s reference rate to the weakest level in four years.
The CSI 300 December futures contract added 0.1 percent at 9:20 a.m. local time. Six companies will make their trading debuts on Wednesday, including Anji Foodstuff Co. China’s consumer-price index probably rose 1.4 percent in November, compared with growth of 1.3 percent in October. The producer-price index likely fell 6 percent, extending its streak of negative readings to 45 months. The offshore yuan rose 0.1 percent to 6.4864 per dollar in Hong Kong.
The Shanghai Composite Index dropped 1.9 percent to 3,470.07 on Tuesday after trade data signaled a deepening slowdown in the nation’s economy and sinking crude prices dragged on oil companies.
The CSI 300 Index retreated 1.8 percent. The Hang Seng China Enterprises index fell 1.4 percent, dragged down by insurers, while the Hang Seng Index slipped 1.3 percent. The Bloomberg China-U.S. Index fell 0.2 percent.