Chinese Stocks Opened Mixed After Commerce Ministry's Trade Optimism
Tang Shihua
DATE:  Dec 07 2018
/ SOURCE:  yicai

(Yicai Global) Dec. 7 -- The Chinese stock markets opened mixed today, after the commerce ministry reassured that a trade deal between China and the US will be reached in the planned 90 days. 

China is confident it will reach an agreement on trade with the US in the next 90 days, Gao Feng, a spokesperson for the Ministry of Commerce said in a regular press briefing after the local markets closed yesterday.

The Shanghai Composite Index opened 0.16 percent higher at 2609.34 points. The Shenzhen Component Index advanced 0.09 percent to 7741.73 points at the open. The ChiNext Price Index open 0.12 percent lower at 1344.13 points.

"The ultimate goal in China-US trade talks is to remove all tariffs," Gao added, referring to future discussions that the two largest global economies will have as promised at the G20 summit in Argentina on Dec. 1. 

The US market opend sharply lower Thursday after two consective days of world market downward sprial, but the three major indexes gradulally recovered, with the tech heavy Nasdaq index even managed to close in positive territory.

Editor: Emmi Laine 

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