Resurgent Tech Shares Hoist China's Stock Markets to Higher Open
Xu Wei
DATE:  Nov 12 2020
/ SOURCE:  Yicai
Resurgent Tech Shares Hoist China's Stock Markets to Higher Open Resurgent Tech Shares Hoist China's Stock Markets to Higher Open

(Yicai Global) Nov. 12 -- Chinese stock markets opened up this morning after yesterday's collapse of technology shares, which followed US peers' rebound of yesterday.

The Shanghai Composite Index started off at 3,344.46, up 0.07 percent, while the Shenzhen Component Index opened 0.5 percent higher at 13,789.3.

The Star 50 Index, which tracks tech stocks on Shanghai’s Nasdaq-style Star Market, rose 0.67 percent to 1,404.81, while the Shenzhen market’s growth enterprise ChiNext Price Index added 0.9 percent to climb to 2,705.76.

US tech shares closed sharply higher last night after days of despond. The overall Dow Jones Industrial Average Index closed down 0.08 percent last night, while the Nasdaq Composite Index soared 2.01 percent. The S&P 500 ended up 0.77 percent higher.

Editor: Ben Armour

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Keywords:   Stock,Shanghai Composite Index,Star 50 Index