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China shares open 0.4% lower

(Xinhua)
Updated: 2009-01-12 10:28

Related readings:  Mainland companies encouraged to go public in HK  CSRC: Home appliance tycoon suspected of stock manipulation  Stock market falls as buffer fund rumors quashed  China says to strengthen regulation of securities trade

Chinese share prices opened almost 0.4 percent lower on Monday morning, tracking Friday's decline on the Wall Street on grim economic outlook.

The benchmark Shanghai Composite Index traded down 7.16 points, or 0.38 percent, at 1,897.70. The index gained 26.68 points, or 1.42 percent, to 1,904.86 on Friday.

The Dow Jones Industrial Average slid 143.28 points, or 1.67 percent, to 8,599.18 on Friday, as the United States reported a nearly 16-year-high unemployment rate in December.