(Yicai Global) Nov. 8 -- Chinese stock markets opened up this morning after the MSCI announced it would raise the weighting of mainland stocks in its Emerging Markets Index.

The Shanghai Composite Index opened 0.51 percent higher at 2,993.98, while the Shenzhen Component Index climbed 0.68 percent to 9,885.20. The ChiNext Price Index, which tracks Shenzhen-listed growth enterprises, rose 0.51 percent to 1,724.40.

New York-based MSCI said yesterday that after markets close on Nov. 26, it would increase the weight of existing large-caps in the EMI and add a batch of mid-caps to take mainland-listed shares' overall weighting in the index to 4.1 percent.