Wednesday, November 12, 2008

China shares open 0.15% lower on investor caution

BEIJING, Nov. 11 (Chinese media) -- Chinese shares opened slightly lower on

Tuesday as investors became cautious on lingering concerns over a slowing

economy and grim corporate outlook.

The benchmark Shanghai Composite Index, which covers both A and B shares,

opened down 2.73 points, or 0.15 percent, to 1,872.07. It slid as much as 1.4

percent minutes into the trading.

The index jumped 7.27 percent on Monday, spurred by the country's 4

trillion yuan (586 billion U.S. dollars) plan to boost the economy, which was

unveiled on Sunday.

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