Chinese shares open to surpass 3,200 mark

Chinese equities open higher Tuesday, with the benchmark Shanghai Composite Index surpassing the psychologically important 3,200 mark, trailing gains for seven consecutive trading days.

The Shanghai Composite Index rose 0.87 percent to open at 3,203.17 points. The Shenzhen Component Index added 0.75 percent to open at 13,133.66 points.

Oil stock rose across the board, after China Monday announced to raise gasoline and diesel prices both by 480 yuan (70.28 U.S. dollars) per tonne starting from Tuesday. The retail price of gasoline climbed by 0.36 yuan per liter and that of diesel rose by0.41 yuan per liter.

PetroChina, the country's leading oil producer, edged up 1.54 percent to 13.88 yuan, with Sinopec, the country's top oil refiner, up 1.97 percent to 12.4 yuan.

Zhongjin Gold Corp., China's leading gold producer, added 0.51 percent to 63 yuan at the opening, as gold price climbed to a new high Monday.

Source: Xinhua