SHANGHAI: Chinese share prices opened 0.21 per cent higher in early Tuesday trade, rebounding from the previous day's sharp fall after an overnight rally on Wall Street, dealers said.
They said the regional markets were encouraged by the advance in US stock markets on expectations that the Federal Reserve will cut interest rates further at the end of a two-day meeting on Wednesday.
However, dealers noted gains here were likely to be capped as investor confidence is shaky following the recent volatility on overseas markets amid concerns about the state of the US economy.
The benchmark Shanghai Composite Index, which covers both A and B shares, rose 9.26 points to 4,428.56.
On Monday, the index tumbled more than seven percent to 4,419.29 points, its lowest level in five months.
The Shanghai A-share Index was up 9.52 points or 0.21 percent to 4,647.33 points and the Shenzhen A-share Index added 3.64 points or 0.26 percent to 1,409.28.
They said the regional markets were encouraged by the advance in US stock markets on expectations that the Federal Reserve will cut interest rates further at the end of a two-day meeting on Wednesday.
However, dealers noted gains here were likely to be capped as investor confidence is shaky following the recent volatility on overseas markets amid concerns about the state of the US economy.
The benchmark Shanghai Composite Index, which covers both A and B shares, rose 9.26 points to 4,428.56.
On Monday, the index tumbled more than seven percent to 4,419.29 points, its lowest level in five months.
The Shanghai A-share Index was up 9.52 points or 0.21 percent to 4,647.33 points and the Shenzhen A-share Index added 3.64 points or 0.26 percent to 1,409.28.
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