Chinese Stocks Open Down as Cagey Investors Await End of Trade Talks
Tang Shihua
DATE:  Feb 15 2019
/ SOURCE:  yicai

(Yicai Global) Feb. 15 -- Chinese stocks started the day off subdued as investors held back while awaiting the results of two-day high-level China-US trade talks that end today in Beijing.

The Shanghai Composite Index slipped 0.25 percent to 2,712.79 points. The Shenzhen Component Index dropped to 8,198.45 points, down 0.26 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, dipped 0.09 percent to 1,360.76 points.

Investors' giddiness has worn off and a reality check set in following three days of strong post-holiday rallies from binge-buying of bargains after last week's Spring Festival holiday break, as market jitters set in with the renewed trade consultations looming.

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are jointly chairing the discussions underway in the Chinese capital between the globe's two top economies.

Investors have hitched their hopes to a breakthrough in these negotiations to quell the volatility that has beset world markets since the start of trade frictions. Whatever the outcome, trading is sure to be active again next week. 

Editor: Ben Armour

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index