(Yicai Global) March 3 -- China's mainland stock markets opened even higher this morning after the three main benchmarks all ended up with more than 3 percent gains yesterday.

The Shanghai Composite Index kicked off 1.21 percent higher at 3,006.89. The Shenzhen Component Index set out at 1,1597.66, up 1.9 percent, while the ChiNext Price Index, which tracks growth enterprises in Shenzhen, climbed 2.58 percent to 2,190.50.

The fifth-generation communication sector led the market, including China Bester Group Telecom [SHA:603220], a communication network provider based in the coronavirus epicenter of Wuhan, which shot to the 10 percent price ceiling to stop trading at CNY23.62 (USD3.40).

Editor: Ben Armour