Morgan Stanley
Hong Kong | Saturday, 11 October 2008
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Bank shares dragged China Monday's open

By Eason Sun
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Posted 21 July 2008 @ 08:35 am HKT

China stocks opened lower in morning's trade, dragged by banking board.

Benchmark Shanghai Composite Index was opened at 2759.88, compared 14.32 points or 0.52 pct down to 2,764.05 at 9:55 am.

Bank of Communications (SHA 601328; HK 3328) fell 1.56 pct to 8.18 yuan after rising nearly 6 pct on Friday.

Huaxia Bank (SHA 600015) was down 1.71 pct at 10.32 yuan.

CITIC Securities (SHA 600030) was up 0.95 pct at 23.34 yuan and Haitong Securities (SHA 600837) rose 0.52 pct to 23.36 yuan.

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