Chinese Stocks Open Lower as Distillers Keep Dropping(Yicai Global) Dec. 25 -- China's mainland stock markets opened lower this morning as liquor makers continued to fall for a second day.
The Shanghai Composite Index opened 0.34 percent lower at 3,351.79. The Shenzhen Component Index set off at 13,879.24, down 0.26 percent, and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, slipped 0.33 percent to 2,811.55.
Jinhui Liquor [SHA:603919] hit the 10 percent limit down to stop trading at CNY37.44 (USD5.73) at 9.35 a.m., following another 10 percent loss yesterday.
Several other firms in the sector, including Hebei Hengshui Laobaigan Liquor [SHA:600559] and Qinghai Huzhu Barley Wine [SHE:002646], have also plunged nearly 20 percent in the past two days.
Editor: Ben Armour
