Chinese Shares Open Mixed as Investors Weigh Recovery Strength

0145 GMT — Chinese shares start the day in mixed territory as investors take a breather from the reopening rally and weigh the sustainability of the country’s economic recovery in the wake of PMI data for March. Investors might also stay on the sidelines with some markets closed for holidays Friday and Monday. Software and consumer stocks are lower, with Beijing Kingsoft down 2.8% and Wuliangye Yibin off by 1.3%. Property stocks outperform as developers posted strong on-year growth in March sales as the sector recovers. Poly Developments & Holdings adds 1.4% and China Vanke rises 1.2%. The benchmark Shanghai Composite Index opens flat at 3312.48. The Shenzhen Composite Index also opens flat and the ChiNext Price Index edges down 0.2%. (bingyan.wang@wsj.com)