China's Markets Open Higher With 5G Stocks Boosted by Licensing Plans
Zhang Yushuo
/SOURCE : yicai

(Yicai Global) Jan. 11 -- China's stock markets opened higher this morning, led by the 5G sector, which was buoyed by government plans for license issuing this year.

The Shanghai Composite Index was up 0.18 percent at 2,539.55 points. The Shenzhen Component Index rose 0.17 percent to 7,441.18 points. The Growth Enterprise Index, also in Shenzhen, opened 0.08 percent higher at 1,260 points.

The 5G sector led the gains, buoyed by the industry ministry's plans that were announced yesterday to issue temporary licenses in several cities this year as well as to develop large-scale networks for the first time.

Other sectors that opened higher include ride-hailing, communication equipment suppliers and smart speakers, while shipping and safe-haven-status gold were among the worst performers so far today. 

Editor: William Clegg

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Keywords: Stock Market , 5G Communication