Chinese Stocks Fall Back in Morning After Shanghai Broke Key 3,000 Level(Yicai Global) July 2 -- China's mainland stock markets started the day slightly lower after Shanghai's main stock index broke through the key level of 3,000 yesterday for the first time since March.
The Shanghai Composite Index fell 0.07 percent to 3,023.72. The Shenzhen Component Index was at 12,095.85, down 0.14 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, slid 0.05 percent to 2,418.31.
Property developers continued to lead the markets, including Shanghai-based Greenland Holdings [SHA:600606] that hit the daily limit-up for the third day in a row. Gree Real Estate [SHA:600185] also surged 10 percent on its second day of strong gains.
Editor: Emmi Laine
