China's Mainland Markets Open Higher as ChiNext Wipes Out Last Year's Losses
Liao Shumin
DATE:  Mar 12 2019
/ SOURCE:  yicai

(Yicai Global) March 12 -- The Chinese mainland's three benchmark indexes rose in unison at this morning's opening. The ChiNext Price Index has now wiped all declines since January 2018 as the board surged 2 percent within half an hour of the start of trading.

The Shanghai Composite Index opened 0.73 percent higher at 3,049.08 points while the Shenzhen Component Index opened 0.64 percent higher at 9,766.5. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, kicked off 0.33 percent higher at 1,733.43.

Internet firms lead the gains while the listed arm of China's state media platform People's Daily [SHA:603000] hit the maximum allowed 10 percent increase in a single day, the 12th time in the last 15 trading days.

Editor: William Clegg

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