Chinese Markets Start Lower After US Holiday Slump
Xu Wei
DATE:  May 06 2020
/ SOURCE:  Yicai

(Yicai Global) May 6 -- China’s mainland stock markets opened lower today following a slump in the US during China’s May Day holiday.

The Shanghai Composite Index set out 0.99 percent down at 2831.63, while the Shenzhen Component Index fell 0.97 percent to 10,618.17. The ChiNext Price Index, which that tracks growth enterprises listed in Shenzhen, dropped 0.82 percent to 2,052.39.

China’s bourses closed from May 1 to May 5 for the International Workers’ Day holiday, and the S&P 500 index tumbled 2.42 percent in the meantime in the US, which does not observe the event.

Editor: Ben Armour

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Keywords:   Stock