(Yicai Global) July 1 -- China's mainland stock markets opened sharply higher, led by Huawei Technologies's suppliers and brokerages, due to new signals of the China-US trade issue easing. Shares related to gold dropped. 

Huawei's suppliers, TKD Science and Technology, Fujian Nebula Electronics and DBG Technology all rose by the 10 percent daily limit this morning. President Donald Trump said on June 29 that the Chinese firm may again buy US technologies, given there is no national security risk. 

The Shanghai Composite Index opened 1.5 percent higher at 3,024.62. The Shenzhen Component Index started off the day at 9,384.79, up 2.3 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, opened 2.2 percent stronger at 1,545.06.  

Editor: Emmi Laine