Shanghai Composite down 0.68% at 2,939 (Il Sole 24 Ore Radiocor) - Shanghai , 10 Jul - Chinese shares closed lower, snapping a five-day winning streak amid weak Asian markets as investors digested mixed inflation data.

China's consumer prices grew for a fifth month in June, rising by 0.2% in June from a year ago, but missed expectations for a 0.4% increase.

Producer prices fell by 0.8% year-on-year in June, the 20th consecutive monthly decline. Economists were expecting a 1.4% drop.

Traders also looked ahead to a meeting of China's political leaders from July 15 to 18 known as the Third Plenum, amid expectations that important economic measures could be announced during the event.

Persistent concerns over a trade war with the European Union also continued to weigh on sentiment, after Beijing threatened to retaliate against the EU's imposition of additional tariffs on the imports of electric vehicles.

The Shanghai Composite closed down 0.68% at 2,939 points, while the Shenzhen CSI 300 fell 0.32% to 3,428 points.

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(RADIOCOR) 10-07-24 11:10:16 (0247) 5 NNNN