Mainland stocks dropped on the first trading day after a weeklong break as financial companies fell after the central bank ordered lenders to set aside larger reserves, countering gains by Fujian-based companies.
Chinese equities fell Monday, the first trading day of the Year of Tiger in the nation's lunar calendar, after a nine-day holiday break, as market participants considered new policies and rules the government adopted prior to and after the festival.
The new kid on the futures block seems to have got off to a great start, going by the early responses from investors.
The yuan strengthened the most against the greenback yesterday on speculation that the government may allow more flexibility in the currency exchange rate, even as analysts cautioned on risks from increased "hot money" flows.
The ChiNext market went down on Monday as only 8 of the 54 stocks at China's start-up board for small and medium-sized enterprises rose.
Chinese equities closed lower Monday, the first trading day after the week-long traditional Spring Festival holiday.
China's stock markets are likely to be fully open to foreign investors within 15 years, according to a leading investment expert.
After a dispiriting period of weak performance with a very light turnover, the bets are on blue chip shares on the Chinese stock market to lead a new round of post-holiday rallying, analysts said.
Chinese investors will be able to begin applying on Monday to open accounts for stock index futures trading, the China Financial Futures Exchange said, in a key step toward the long-awaited launch of index futures trade.
Hong Kong stocks dropped 528.13 points, or 2.59 percent to close at 19,894.02 on Friday, following an unexpected move by the US Federal Reserve to raise interest rates for emergency bank loans.
Hong Kong stocks went up 265.32 points, or 1.31 percent to close at 20,534.01 on Wednesday, following overnight market rally in the United States.
Hong Kong stocks went down 22 points, or 0.11 percent, to close at 20,268.69 on Friday, the last trading day before the Chinese New Year holiday.