China's Mainland Stock Markets Paused Over Three-Month Rally Before Lunch
Tang Shihua
DATE:  Apr 08 2019
/ SOURCE:  yicai

 (Yicai Global) April 8 -- China's mainland stock markets ended the morning session lower, as investors started questioning their long positions after an over three-month rally. Trading volume was relatively heavy.

The Shanghai Composite  Index advanced 0.1 percent to 3,243.64 points at the close, after  reaching as high as 3,288.45 during the session, a more than 12-month  high. 

The ChiNext Index, which  tracks growth enterprises in Shenzhen, was down over 2 percent at  1,740.63 points, as small-cap technology companies were  among the worst performers. The  Shenzhen Component Index fell nearly 1 percent to 10,326.04 points,  following an intraday reading of 10,541.19, also a multi-month new peak. 

The Chinese stock  market has been on a roll since the beginning of this year, with major  indexes making strong gains, as the government has promoted more  stimulus to support the real economy and vowed to open up the markets to  more foreign investors, which has spurred more buying. 

Editor: Emmi Laine 

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index