Nuclear Power Plant Suppliers Buck Chinese Stocks' Morning Downturn
Dou Shicong
DATE:  Sep 03 2020
/ SOURCE:  Yicai
Nuclear Power Plant Suppliers Buck Chinese Stocks' Morning Downturn Nuclear Power Plant Suppliers Buck Chinese Stocks' Morning Downturn

(Yicai Global) Sept. 3 -- China's mainland stock markets opened slightly lower while nuclear energy equipment suppliers took the lead after the country's cabinet approved two major nuclear power plant projects.

The Shanghai Composite Index opened 0.02 percent lower at 3,404.03. The Shenzhen Component Index was at 13,871.27, down 0.12 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, slid 0.18 percent to 2,766.98.

The State Council yesterday gave the go-ahead for two projects in southern Hainan and eastern Zhejiang provinces, with a total investment of CNY70 billion (USD10.2 billion). That spurred ventilation system equipment maker Jindun Fans [SHE:300411] to open 11.9 percent up at CNY15.7 (USD2.30).

Editor: Emmi Laine
 

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Keywords:   Shanghai Composite Index,Shenzhen Component Index,ChiNext Price Index