Indexes fall due to tech stocks

Chinese mainland main indexes fell for the fifth straight session on Monday, led by tech stocks as investors grew gloomy about 2017 prospects following official estimates suggesting slowing economic growth in big cities.

The blue-chip CSI300 index was unchanged at 3,319.45 points, while the Shanghai Composite Index lost 0.3 percent to 3,103.43 points.

The tech-heavy ChiNext Price Index, the benchmark index tracking listed startup companies, slumped as much as 6.1 percent in its 8th session of losses to hit a 16-month low, as faster approvals for IPOs increased the supply of equity in the market.