(Yicai Global) Jan. 9 -- China's stocks market fell after opening higher this morning with the two main boards closing only slightly higher. The Growth Enterprise Index edged slightly lower despite being 2 percent up in the opening.

The Shanghai Composite Index rose 0.71 percent to close at 2,544.34 points with a turnover of CNY160.8 billion (USD23.5 billion). The Shenzhen Component Index closed up 0.76 percent at 7,447.93 with CNY218.4 billion exchanged. The Growth Enterprise Index, also in Shenzhen, closed down 0.08% at 1,262.52 with CNY64.9 billion turned over.

Home appliances, automobiles and liquor sectors led the increase while 5G and semiconductors rose in the afternoon. Military stocks, as well as gas and water sectors, declined the most.

Japan's Nikkei 225 Index closed 1.1 percent higher at 20,427.06. The Topix Index, also in Tokyo, rose 1.1 percent to 1,535.11.

Trade talks between China and the US concluded today, one day later than expected, as Reuters reported, which reduced uncertainties in the market.

However, the world bank lowered its outlook for the global economy in its latest half-yearly report, forecasting growth of 2.9 percent in 2019, down from last year's forecast of 3 percent. The institution also cut its emerging market growth forecast by half a percentage point to 4.2 percent. The bank argues that downside risks to the global economy have increased, with "disorderly" market volatility adding to debt instability in emerging markets.

Editor: William Clegg