Shanghai Composite up 0.12% at 3,032 points (Il Sole 24 Ore Radiocor) - Shanghai , 14 Jun - Chinese stocks erased earlier losses and closed slightly higher amid mixed Asian markets.

In mainland stock market dealings liquor makers and other consumption-related shares were among the biggest decliners.

Sentiment was subdued as trade tensions continued to weigh, amid reports of more US trade scrutiny against Beijing and after the EU unveiled tariffs of between 17% to 30% on the import of Chinese electric vehicles.

According to recent reports, Washington is considering wider trade sanctions on semiconductor exports to Russia and could potentially target Chinese and Hong Kong chip resellers.

Concerns over China's sluggish economic growth also continued to keep sentiment in check amid a slew of mixed data.

Fresh figures showed on Wednesday that while producer price index inflation shrank at its slowest pace in 15 months in May, consumer price index inflation grew less than expected amid sluggish consumption. Last week mixed trade data from the country showed that exports rose more than expected in May on strong industrial production and improving overseas demand, but imports grew at a slower-than-expected pace amid weak local demand and consumer spending.

Traders now awaited China's industrial production, retail sales and fixed-asset investment data for May due on Monday.

The Shanghai Composite closed up 0.12% at 3,032 points, while the Shenzhen CSI 300 closed up 0.44% at 3,541 points.

AAA-Ver

(RADIOCOR) 14-06-24 11:16:50 (0228) 5 NNNN