China's Stock Markets Rise in Early Trading, Driven by Tech Stocks
Liao Shumin
DATE:  Sep 04 2017
/ SOURCE:  Yicai
China's Stock Markets Rise in Early Trading, Driven by Tech Stocks China's Stock Markets Rise in Early Trading, Driven by Tech Stocks

(Yicai Global) Sept. 4 -- China's stock markets closed higher in Monday's early trade. Stocks related to face-recognition technology soared as more Chinese universities announced they will use the technology widely in new student intake and class attendance register systems.

The Shanghai Composite index was up 0.14 percent at 3371.77 points in the morning session.

The Shenzhen Component Index rose 0.65 percent to close at 10,10950.99 points, after hitting a new high at 10951.01 points in mid- morning session.

The Growth Enterprise Index was up 1.18 percent at 1887.22 points, slightly lower than the opening 1850.02 points.

The rises in the Shenzhen Component and Growth Enterprise indices were driven by the face-recognition technology stocks and shares related to home-grown chips, which surged 4.74 percent and 3.32 percent, respectively.

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Keywords:   Stock Market,Shanghai Composite Index,Shenzhen Component,Growth Enterprise,Face-Recognition,Computer Chips