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Chinese shares open 2% lower on Monday

(Xinhua)
Updated: 2009-11-02 10:14

Chinese shares opened sharply lower on Monday morning, with the benchmark Shanghai Composite Index down 2.07 percent to open at 2,933.82.

Related readings:  Investors fly as ChiNext gets off to busy start  All stocks trigger suspensions on ChiNext's debut  First batch of 28 firms start trading on ChiNext  GEB sparks different opinions among institutional investors

The Shenzhen Component Index dropped 2.28 percent to open at 12,016.61.

All stocks but one on the ChiNext exchange, the country's new Nasdaq-style market for small and medium-sized companies, fell by the daily limit of 10 percent at opening of Monday, the second trading day, after a soaring debut on last Friday.