Market Open Monday: Hong Kong stocks, A-shares open lower; yuan fixing cut by 208 pips; PBOC drained 97 bn yuan liquidity

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Hong Kong stocks open lower on Monday, with the benchmark Hang Seng Index down 0.77%, the Hang Seng China Enterprises Index down 0.93% and the Hang Seng Tech Index down 0.39%.

Ganfeng Lithium is slumping nearly 8% after the company said Chinese securities regulators are investigating the firm for alleged insider trading.

Technology heavyweights are mixed, with NetEase up . . .

 

 

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