(Yicai Global) Feb. 12 -- China's stock markets flatlined this morning after a strong showing yesterday, the first trading day after the country's week-long Lunar New Year holiday break.
The Shanghai Composite Index opened unchanged at 2,654.03 points. The Shenzhen Component Index started out at 7,915.06 points, down 0.05 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, was up 0.06 percent at 1,316.91 points.
Major market indexes started off flaccid despite an overnight announcement by New York-based hedge-fund indexer MSCI [NYSE:MSCI] that several more local market securities will be added to its index investment portfolios starting next month.
Five mainland listed companies have enrolled in the MSCI indexes, including Beijing-based aluminum miner Chinalco [SHA:601600] and Shenzhen-headquartered Foxconn Industrial Internet [SHA:601138], the firm stated in its quarterly index review.
Editor: Ben Armour