Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
LATEST
China Doesn’t Engage in ‘State Monopoly Capitalism’: Banking Chief
Huawei Seeks $1 Billion in First Big Funding Test After U.S. Ban
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
Hong Kong Banking Tycoon Passes Baton to Two Sons
Fears Grow as Fall Armyworm Continues Invasion of Chinese Farms
Rural Policy Bank Sells Bond to Retail Investors in Hong Kong
Baidu Continues Shaking Up Its Management Board
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
Mainland Stocks Open Down Then Creep Back Up in Morning Trade

By Yang Ge / May 08, 2019 10:32 AM / Finance

China stocks opened down around 2% following a U.S. sell-off over concerns about heightening tensions between the world's two largest economies, but pared those losses in early trade.

The Shanghai Composite Index opened down 1.8%, but rebounded somewhat and was down about 1% about 45 minutes into the morning session. Similarly, the Shenzhen index opened down 2.1%, but recouped some of that ground and was down about 0.6% over the same period.

Both the Dow Jones and Nasdaq lost nearly 2% yesterday over concerns about growing U.S.-China trade frictions. U.S. President Donald Trump has threatened to impose new tariffs on Chinese imports on Friday, though China has confirmed that Vice Premier Liu He will head to the U.S. this week for a new round of trade talks. 

The growing tensions sparked a sell-off for Chinese stocks on Monday, with mainland markets posting their worst declines in more than three years. 

Related: Vice Premier Liu He to Head to U.S. for Trade Talks

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.