SHANGHAI :
Profit-Taking Pushes Chinese Mainland Stocks Down at Opening
Tang Shihua
DATE:  Jan 14 2021
/ SOURCE:  Yicai
Profit-Taking Pushes Chinese Mainland Stocks Down at Opening Profit-Taking Pushes Chinese Mainland Stocks Down at Opening

(Yicai Global) Jan. 14 -- Stock markets on China's mainland opened lower today, extending the mini-correction trend that started yesterday as investors reset and took profits after strong gains rocketed main indexes to multi-year highs during the first two weeks of the year.

The Shanghai Composite Index slipped 0.38 percent to 3,584.93 at the gate, while its Nasdaq-like Star Market Board 50 Index, or Star 50, dipped 0.10 percent to 1,406.05.

The Shenzhen Component Index fell 0.53 percent to 15,283.56. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen slid 0.91 percent to 3,101.96.

Editor: Ben Armour

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Keywords:   Stock Market,Market Open