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(Yicai Global) Oct. 9 -- Stock markets on the Chinese mainland lost ground in morning trade today with tech-heavy growth stocks bearing the blunt of selling pressure.
The Shanghai exchange, dominated by large-cap stocks, managed to recoup most of its earlier losses with banks and property firms leading the way, but the Shenzhen bourse continued to slide after both exchanges opened lower, following in the footsteps of global markets amid concerns over global trade friction.
The Shanghai Composite Index was still down 0.14 percent at 2,909.53 going into the lunch break, while the Shenzhen Component Index finished 0.54 percent lower at 9,423.97. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, fared the worst as it closed down 0.82 percent at 1,603.40.