(Yicai Global) Sept. 8 -- Stock markets on China's mainland opened higher this morning as investors regained confidence following yesterday's huge loss and as the overnight European market rebounded.

The Shanghai Composite Index opened 0.26 percent higher at 3,301.22, while the Nasdaq-like Star Market Board 50 Index, or Star 50, was up 0.01 percent at 1,356.82.

The Shenzhen Component Index stood at 13,315.15, up 0.23 percent. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, started the day off 0.27 percent stronger at 2,648.44.

China stocks mainland extended loses yesterday afternoon as investors opted to cash in their gains of recent months when overseas markets showed signs of a possible major correction amid a worldwide economic slowdown during the Covid-19 pandemic. The major indexes closed down at least 1.87 percent, with the ChiNext Price Index leading the rout, down over 3 percent.

Editor: Ben Armour