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China share index opens flat, tyre makers mixed
September 15, 2009 / 1:31 AM / in 8 years

China share index opens flat, tyre makers mixed

SHANGHAI, Sept 15 (Reuters) - China’s key stock index opened up 0.08 percent on Tuesday, as China’s top tourist agency prepares to launch a Shanghai IPO while most tyremakers were mixed after saying the impact of the U.S. decision to impose special duties on Chinese tyre exports would be limited.

The Shanghai Composite Index .SSEC opened at 3,029.097 points after crossing key resistance at 3,000 points the previous day, and rising 1.24 percent to a one-month closing high.

China International Travel Service Corp (CITS) said on Tuesday it would launch an IPO this week that is worth about 1.7 billion yuan ($249 million) to fund expansion, including setting up new tourist agencies. [ID:nSHA191577]

But analysts said the size of the IPO was not large and would not have greatly affect sentiment. ($1 = 6.83 yuan)

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