China, Hong Kong: Stocks open slightly lower after biggest drop since summer rout

PHOTO: REUTERS

NOV 30, 20159:52 AM

[SHANGHAI] China stocks opened slightly lower on Monday after falling more than 5 per cent on Friday triggered by concerns over a widening probe by regulators into brokerages.

The CSI300 index fell 0.1 per cent, to 3,554.89 at market open, while the Shanghai Composite Index lost 0.1 per cent, to 3,433.86 points.

The market posted its biggest drop since this summer's rout on Friday on news that Haitong Securities was being probed by China's securities regulator.

The Hang Seng index dropped 0.4 per cent, to 21,974.81 points. The Hong Kong China Enterprises Index lost 0.8 per cent, to 9,778.05.

REUTERS