Chinese shares opened almost flat on Tuesday despite
another big overnight rally on Wall Street. The benchmark Shanghai
Composite Index rose 0.5 percent, or 10 points, to 2,010.77 at
the opening. The smaller Shenzhen index was up 0.49 percent, or
36.92 points, to open at 7,565.55. Wall Street rallied overnight
on U.S. President-elect Barack Obama's plan to launch the largest
infrastructure-spending package since the 1950s which stimulated
the equity market. The Dow Jones average rose 298.76, or 3.46
percent, to 8,934.18. In previous trading day, Chinese shares
surged 3.57 percent on prospects of more stimulus policies to
buttress the economy from a three-day Central Economic Work Conference,
which started on Monday.
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