Resurgent Confidence Lifts Chinese Mainland Stocks to Higher Open
Tang Shihua
DATE:  Nov 02 2020
/ SOURCE:  Yicai
Resurgent Confidence Lifts Chinese Mainland Stocks to Higher Open Resurgent Confidence Lifts Chinese Mainland Stocks to Higher Open

(Yicai Global) Nov. 2 -- Stock markets on China's mainland opened higher this morning as investors regained confidence over the weekend after a late day selloff on Oct. 31.

Investors opted to loosen their purse strings tentatively this morning despite the fraught looming US presidential election slamming world financial markets on last week’s final trading day.

The Shanghai Composite Index rose 0.13 percent to 3,228.72, while its Nasdaq-like Star Market Board 50 Index, or Star 50, started the day up 0.59 percent to 1,402.08.
The Shenzhen Component Index was up 0.25 percent at 13,269.97 at the gate. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen climbed 0.55 percent to 2,670.52.

Editor: Ben Armour

 

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Keywords:   Stock Market,Market Open