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China: Stocks mixed at open after Tuesday rally

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[SHANGHAI] China's major stock indexes opened mixed on Wednesday after posting their biggest gain in three months on Tuesday, on expectations US market index provider MSCI could add mainland stocks to its emerging market benchmark for the first time.

The CSI300 index rose 0.1 per cent to 3,172.40 points at 0132 GMT, while the Shanghai Composite Index lost 0.1 per cent to 2,915.14 points.

The China Financial Futures Exchange said on Wednesday morning that sell orders from a hedging client triggered technical selling that caused a flash crash in one futures contract on Tuesday, a blip in an otherwise positive day for China's long dormant futures markets, which rallied along with major indexes.

China CSI300 stock index futures for June rose 0.4 per cent, to 3,154.8, 17.60 points below the current value of the underlying index.

The Hang Seng index in Hong Kong was down 0.1 per cent, at 20,797.15 points.


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