Chinese shares open slightly higher Monday
Chinese shares opened slightly higher Monday with the benchmark Shanghai Composite Index up 0.58 percent to open at 3,114.29 points.
``The market may open lower on weak Asian stocks. Asian stocks dropped for the first time in four days and the euro weakened before a meeting of Europe`s leaders to discuss their sovereign-debt crisis. Chinese shares slid in the first day of trading after the Lunar New Year holiday. US stocks on Friday finished mostly lower, but a late surge in financial shares helped the S&P 500 preserve a fourth week of gains after the White House said it would expand a foreclosure-prevention program and hope grew for a Greek debt-deal,`` said SMC Global Research.