Japan stocks open on high note; Chinese markets slide

Published: 9:21 AM, May 9, 2016 | Updated: 9:21 AM, May 9, 2016

Nikkei Stock Average jumped 173.70 points, or 1.08%. While Chinese stocks opened lower on Monday.

Japan stocks open high on gains from US markets. Photo: Reuters

Tokyo shares opened trading on Monday higher on bargain hunting after the Nikkei index dropped roughly 1,400 points over the past six trading days.

At 0915 hours, the 225-issue Nikkei Stock Average jumped 173.70 points, or 1.08%, higher from Friday to 16,280.42, Xinhua news agency reported.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 13.98 points, or 1.08%, to 1,312.30.

Add Zee Business as a Preferred Source

Chinese stocks opened lower on Monday, with the benchmark Shanghai Composite Index down 0.59% to open at 2,896.16 points.

The smaller Shenzhen index opened 0.81% lower at 10,018.51 points, Xinhua news agency reported.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, was down 1.03% to open at 2,107.33 points.