Chinese Stocks Finish the Morning Flat
Tang Shihua
/SOURCE : yicai


(Yicai  Global) Dec. 7 -- Chinese stock markets finished the morning session almost flat, the market sentiment was improved a little after yesterday's big drop.


Investors absorbed some of the Chinese commerce ministry's optimism in the morning session after the government organ assured that a trade deal will be made between China and the US in the planned 90 days.


But selling pressures on tech stocks lingered on amid an uncertainty of what will happen to Huawei Technologies' Chief Financial Officer Meng Wanzhou. Meng was arrested while changing flights in Vancouver on Dec. 1.


The Chinese government has demanded an immediate release of Meng who is also the Shenzhen-based company founder Ren Zhengfei's daughter. Neither the US nor Canada has provided any explanation for Meng's detention, according to the Chinese foreign ministry.


By lunch break, the Shanghai Composite Index was up 0.08 percent to 2607.14 points. The Shenzhen Component Index had 0.12 percent gain to 7744.21 points. The ChiNext Price Index fell 0.23 percent to 1,342.62 points.


Editor: Emmi Laine 


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