Energy Stocks Shed Recent Gains Despite Rise in China's Mainland Markets
Zhang Yushuo
/SOURCE : yicai

(Yicai Global) Sept. 18 -- Chinese energy stocks fell behind the country's major benchmark indexes this morning on news that Saudi Arabia will soon repair its damaged oil facilities.

The Shanghai Composite Index opened 0.20 percent higher at 2,984.08. The Shenzhen Composite Index started up 0.26 percent at 9,747.98, and the ChiNext Price Index, which tracks emerging companies listed in Shenzhen, began the day 0.31 percent higher at 1,683.15. Most firms listed on the Star Market, Shanghai's new board for innovative science and tech companies, opened up.

Oil, natural gas and mining shares all slid after the Saudi Arabian Minister of Energy said yesterday that the oil-rich country expects to fully replenish its supplies by the end of this month following a drone attack on two of its processing facilities.

Virtual currency stocks led gains.

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Keywords: energy , China stock market