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China's stocks open higher after Wall Street rally

(Xinhua)

10:17, October 19, 2011

BEIJING, Oct. 19 (Xinhua) -- China's stocks opened slightly higher on Wednesday after an overnight rally on the U.S. markets.

The benchmark Shanghai Composite Index gained 0.18 percent to open at 2,387.83, while the Shenzhen Component Index opened 0.28 percent higher at 10,255.60.

The U.S. stocks ended sharply higher on Tuesday amid strong performance in financial sector and rumors about a two-trillion-euro rescue fund being planned to help troubled European governments and banks.

The Dow Jones industrial average gained 180.05 points, or 1.58 percent, to 11,577.05 on Tuesday.

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