Chinese shares open slightly higher

Chinese share prices were slightly higher in Tuesday morning trade as large cap financial and property developers rebounded, dealers said.

The financial sector was buoyed by expectations of strong first half-year profits, but oil majors dragged the key index lower as they extended their losses.

The benchmark Shanghai Composite Index, which covers A and B shares, edged up 1.04 points, or 0.04 percent, to 2,761.45.

The Shanghai A-share was up 1.01 points, or 0.03 percent, to 2,897.00, while the Shenzhen A-share index added 2.73 points or 0.33 percent to 818.80.

(Agencies)