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China shares open 0.45 percent higher

(Xinhua)
Updated: 2009-01-16 10:26

Chinese share prices regained Thursday's lost ground on Friday morning with the key stock index opening 0.45 percent higher.

The benchmark Shanghai Composite Index, which covers both A and B shares, opened 8.71 points higher at 1,928.92 and gained as much as 1.3 percent minutes into trading.

Related readings:  China shares open 0.8% lower  Shares falter as stimulus moves fail to cheer  Regulator to roll out GEB norms  China Construction reignites 2009 IPO dreams

It slid 8.66 points, or 0.45 percent, to 1,920.21 points Thursday as investors remained cautious ahead of the release of December's economic data next week.

Gains on the Wall Street also contributed to the recovering investor confidence, said analysts.

Overnight the Dow Jones Industrial Average gained 0.15 percent to 8,212.49, compared to the 2.94-percent loss in the previous session.