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China stocks open lower Tuesday

Xinhua, June 30, 2015 Adjust font size:

Chinese stocks opened lower on Tuesday, with the benchmark Shanghai Composite Index down 1.14 percent to open at 4,006.75.

The Shenzhen Component Index opened 2.15 percent lower at 13,274.65.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 4.6 percent lower at 2,566.02 points.

Chinese stocks closed in the negative territory on Monday despite the central bank's unexpected simultaneous cuts of interest rates and reserve requirements for banks on Sunday.

The Shanghai Index closed 3.34 percent lower while the Shenzhen Index lost 5.78 percent. More than 1,500 shares on the two bourses fell by the daily limit of 10 percent. Endi