Chinese Stocks Open Down on Tight Month-End Liquidity, Poor US Showing(Yicai Global) Aug. 28 -- Somewhat tight liquidity at the end of this month and the lackluster performance of US stocks last night combined to depress the market’s mood and plunge Chinese stock markets to a lower opening this morning.
The Shanghai Composite Index set out 0.11 percent down at 3,346.29, while the Shenzhen Component Index fell 0.19 percent to 13,509.37. The ChiNext, which tracks Shenzhen-listed growth enterprises, flopped 0.07 percent to 2,687.23.
US shares closed in a mish-mash last night. The Dow Jones Industrial Average Index ended 0.57 percent higher at 28,492.27, and the S&P500 Index rose 0.17 percent to 3,484.55, while the Nasdaq Composite Index fell 0.34 percent to 11,625.34.
Editor: Ben Armour
