(Yicai Global) March 2 -- China's mainland stock markets started the week off with a strong rebound after being struck heavily by the global decline of financial markets amid the new coronavirus on Feb. 28.

The Shanghai Composite Index opened 0.66 percent higher at 2,899.31. The Shenzhen Component Index stood at 11,115.46, up 1.23 percent, and the ChiNext Price Index, which tracks growth enterprises in Shenzhen, climbed 1.88 percent to 2,110.45.

The animal vaccine sector led the market start with a more than 3 percent gain, including Qingdao Vland Biotech [SHA:603739], which shot to the 10 percent limit price ceiling to stop trading at CNY26.11(USD3.73).

Editor: Ben Armour