Chinese shares open to surpass 3,200 mark
2009-November-10 Source: China View website
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Chinese equities open higher Tuesday (Nov 10), with the benchmark Shanghai Composite Index surpassing the psychologically important 3,200 mark, trailing gains for seven consecutive trading days.

The Shanghai Composite Index rose 0.87 percent to open at 3,203.17 points. The Shenzhen Component Index added 0.75 percent to open at 13,133.66 points.

Oil stock rose across the board, after China Monday announced to raise gasoline and diesel prices both by 480 RMB (70.28 USD) per tonne starting from Tuesday. The retail price of gasoline climbed by 0.36 RMB per liter and that of diesel rose by 0.41 RMB per liter.

PetroChina, the country's leading oil producer, edged up 1.54 percent to 13.88 RMB, with Sinopec, the country's top oil refiner, up 1.97 percent to 12.4 RMB.

Zhongjin Gold Corp., China's leading gold producer, added 0.51 percent to 63 RMB at the opening, as gold price climbed to a new high Monday.

Editor: Miranda
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