Chinese shares open up 2 percent

2008-07-18 03:13:08 GMT       2008-07-18 11:13:08 (Beijing Time)       SINA.com

Chinese share prices were higher Friday morning as a strong overnight performance on Wall Street and falling oil prices helped the market gain momentum, dealers said.

The benchmark Shanghai Composite Index, which covers A and B shares, rose 53.24 points, or 1.98 percent, to 2,738.02.

The Shanghai A-share index was up 55.92 points, or 1.99 percent, to 2,871.94, while the Shenzhen A-share index gained 11.58 points, or 1.38 percent, to 850.65 points.

(Agencies)

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