China: Stocks flat despite boost measure

[HONG KONG] Chinese shares opened flat on Tuesday morning despite a reserve requirement cut aimed at boosting the economy, after official figures showed February manufacturing activity shrank at its fastest rate in four years.

The benchmark Shanghai Composite Index edged up 0.40 points to 2,688.38.

The Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.19 points to 1,643.55.

Hong Kong's Hang Seng Index, meanwhile, rose 0.81 per cent, or 155.4 points, to 19,267.33 in opening deals.

AFP