SHANGHAI :
Shanghai Composite Index Pulls Back From New High in Early Trading
Liao Shumin
DATE:  Aug 30 2017
/ SOURCE:  Yicai
Shanghai Composite Index Pulls Back From New High in Early Trading Shanghai Composite Index Pulls Back From New High in Early Trading

(Yicai Global) Aug. 30 -- The major indexes of China's mainland stock markets remained steady in the morning session today although the Shanghai Composite Index hit a new high, just to pull back later.

It tested the new high of 3,376.65 points, but closed lower, dropping 0.03 percent to 3,364.32 points.

The Shenzhen Component Index was up 0.4 percent at 10,805.15 points, slightly higher than the opening level of 10762.24 points.

The Growth Enterprise Index was also slightly up, gaining 0.65 percent to end the morning session at 1,843.47 points.

The stocks related to Shanghai's stated-ownership reform and Shanghai Free Trade Zone closed higher, up 1.78 percent and 1.77 percent, respectively. But the stocks related to Fujian Free Trade Zone were down 2.17 percent in a reversal of their good performance yesterday. The airlines stocks also soared 1.69 percent in the morning trade.

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component,Growth Enterprise,Airlines,Fujian Free Trade Zone,State-Ownership Reform