Markets

China's stocks open higher on overnight US stocks gains - Sept 2

(Xinhua)
Updated: 2010-09-02 10:12

BEIJING - China's stocks rose with the benchmark Shanghai Composite Index up 0.92 percent to open at 2,646.89 Thursday, driven by Wednesday's Wall Street rallies.

The Shenzhen Component Index climbed 1.45 percent to open at 11,482.35 points.

The US stock market posted strong gains as better-than-expected manufacturing data from both China and the United States eased concerns of a global economic slump.

The Dow Jones industrial average rallied 246.65 points, or 2.46 percent, to 10,261.37. The Standard & Poor's 500 index gained 29.31 points, or 2.79 percent, to 1,078.64 and the Nasdaq surged 61.24 points, or 2.90 percent, to 2,175.27.