China's stocks open 1.03% lower after US rating downgrade

0 Comment(s)Print E-mail Xinhua, August 8, 2011
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China's stock market opened 1.03 percent lower after rating agency Standard & Poor's downgraded the long-term sovereign credit rating for United States on Friday from AAA to AA+.

The benchmark Shanghai Composite Index tumbled 1.03 percent to open at 2599.29. The Shenzhen Component Index opened 1.07 percent lower at 11,576.57.

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