(Yicai Global) Jan. 10 – China's stock markets opened slightly lower today, failing to maintain the momentum from yesterday's rise.

The Shanghai Composite Index fell 0.02 percent to 2,543.85 while the Shenzhen Component Index fell 0.07 percent to 7,442.70. The Growth Enterprise Index, also in Shenzhen, fell 0.03 percent to 1,262.10.

State-owned energy majors Sinopec and PetroChina are among the top performers along with the smart speaker sector. The superconductors and the gas sector declined the most.

The Shanghai Composite Index surged yesterday before falling back, Zhongyuan Securities said in a note on financial information exchange platform EastMoney, adding that the trading volume continued to expand, indicating the willingness of investors to enter the market.

Investors should closely follow the progress of trade talks between China and the US, as well as new investment opportunities in the auto, home appliance and securities sectors thanks to policy support, Zhongyuan added.

Editor: William Clegg