Friday, December 12, 2008

Chinese shares open almost flat

Special Report:Global Financial Crisis



BEIJING, Dec. 9 (Chinese media) -- Chinese shares opened almost flat on Tuesday

despite another big overnight rally on Wall Street.

The benchmark Shanghai Composite Index rose 0.5 percent, or 10 points, to

2,010.77 at the opening. The smaller Shenzhen index was up 0.49 percent, or

36.92 points, to open at 7,565.55.

Wall Street rallied overnight on U.S. President-elect Barack Obama's plan

to launch the largest infrastructure-spending package since the 1950s which

stimulated the equity market. The Dow Jones average rose 298.76, or 3.46

percent, to 8,934.18.

In previous trading day, Chinese shares surged 3.57 percent on prospects of

more stimulus policies to buttress the economy from a three-day Central Economic

Work Conference, which started on Monday.







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