(Yicai Global) Feb. 1 -- China's stock markets  opened higher this morning as investors expect the country's trade talks  with the US to resolve the recent spat between the two economic giants.

The Shanghai Composite Index opened 0.51 percent  higher at 2,597.78 points, while the Shenzhen Component Index fell 0.61  percent to 7,524.67. The ChiNext Price Index, which tracks growth  enterprises in Shenzhen, rose 0.44 percent to 1,233.38.

China and the US concluded their latest round of trade talks in Washington yesterday.

 The latest round of China-U.S. trade talks made "important progress" for  the current stage, and the two sides had "candid, specific and  fruitful" discussions, a statement from the Chinese delegation said  on Thursday., according to state-backed Xinhua News  Agency.