Hang Seng up as Chinese inflation rate slips to 1.9%

<p>The Hang Seng has risen as Chinese inflation slips to 1.9 per cent.</p>

The Hong Kong Hang Seng climbed at close of play today (October 15th), as consumer prices in China rose by 1.9 per cent in September from a year ago.

Chinese policymakers have been given more leeway to boost stimulus measures after the country's inflation dropped last month.

September's reading was down from August's two per cent, while the world's second-largest economy's growth slowed to a three-year nadir in the second quarter of the year.

Falling demand from overseas markets grappling with their own expansion woes and lower investment have hurt China's once thriving economy.

There have been calls for Beijing to ease its monetary policy to help drive demand and spark growth amid a global economic downturn.

At close of play in Hong Kong, the Hang Seng was stable, gaining five index points to a value of 21141.4 points.

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