BCN-08 China stocks open lower on trade talk fears

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ZCZC

BCN-08

CHINA-HONGKONG-STOCKS

China stocks open lower on trade talk fears

HONG KONG, May 13, 2019 (BSS/AFP) – Chinese stocks opened lower on Monday
as the lack of a US-China trade deal cast a cloud over the market and also
weakened the yuan.

The benchmark Shanghai Composite Index opened down 1.16 percent, or 34.14
points, at 2,905.07.

The Shenzhen Composite Index, which tracks stocks on China’s second
exchange, lost 1.14 percent, or 17.81 points, to open at 1,550.81.

Hong Kong markets were closed for a public holiday.

BSS/AFP/HR/1000