China’s stock markets opened high on Friday after trading was halted early in the previous day as a seven-percent drop triggered the newly-introduced circuit breaker mechanism.
The benchmark Shanghai Composite Index opened up 2.23 percent at 3,194.63 points Friday morning while the smaller Shenzhen index opened at 11,008.89 points, 2.31 percent up.
Trading was halted for the day on the Shanghai and Shenzhen stock markets on Thursday morning after shares tumbled over seven percent and triggered the circuit breaker mechanism.
On Thursday, the Shanghai Composite Index was down 7.32 percent to close at 3,115.89 points. The Shenzhen index lost 8.35 percent to close at 10745.47 points. The ChiNext Index, China’s NASDAQ-style board of growth enterprises, dropped 8.66 percent to close at 2,254.52 points.
China’s Securities Regulatory Commission announced Thursday night that it will from Friday suspend the stock market circuit breaker mechanism that has been implemented since the beginning of this year. (CCTV/Reuters)
