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BIZCHINA> Top Biz News
China shares open 0.8% lower
(Xinhua)
Updated: 2009-01-15 10:21

Chinese share prices opened 0.8 percent lower on Thursday as jittery investors locked in profits following Wednesday's strong rebound.

Related readings:
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China shares open 0.8% lower China Construction reignites 2009 IPO dreams
China shares open 0.8% lower BOC in talks with RBS on share sale
China shares open 0.8% lower Chinese shares up 1.5% in morning trade
The benchmark Shanghai Composite Index opened down 16.10 points, or 0.83 percent, to 1,912.77. The index gained 3.5 percent Wednesday on expectation of a recovery in the economy and government's plans to bolster the steel and auto sectors.

Investors remained cautious ahead of the release of more 2008 economic data next week and with sell-offs on the Wall Street, said analysts.

Overnight, the Dow Jones Industrial Average tumbled 248.42 points, or 2.94 percent, to close at 8,200.14.


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