Chinese shares mixed after release of 12-year high inflation data

BEIJING, March 11 (Xinhua) -- Chinese share prices were mixed on Tuesday, as investors remained cautious after the release of the nearly 12-year high inflation data in February.

The benchmark Shanghai Composite Index edged up 19.58 points, or 0.47 percent, to 4,165.88. Bargain hunting pushed the index, which fell 2 percent at one time, up into positive territory in late afternoon trading. In spite of the first rise in three days, the index was still at its 7-1/2 month low.

The Shenzhen Component Index fell 47.33 points, or 0.32 percent, to 14,815.72. It tumbled 3.7 percent at one time before bargain hunting trimmed the losses in late trading.