(Yicai Global) April 8 -- China's mainland stock markets ended the morning session lower, as investors started questioning their long positions after an over three-month rally. Trading volume was relatively heavy.
The Shanghai Composite Index advanced 0.1 percent to 3,243.64 points at the close, after reaching as high as 3,288.45 during the session, a more than 12-month high.
The ChiNext Index, which tracks growth enterprises in Shenzhen, was down over 2 percent at 1,740.63 points, as small-cap technology companies were among the worst performers. The Shenzhen Component Index fell nearly 1 percent to 10,326.04 points, following an intraday reading of 10,541.19, also a multi-month new peak.
The Chinese stock market has been on a roll since the beginning of this year, with major indexes making strong gains, as the government has promoted more stimulus to support the real economy and vowed to open up the markets to more foreign investors, which has spurred more buying.
Editor: Emmi Laine