Stocks in mainland China dropped by the most in two weeks as trading resumed after a week-long holiday on concern the Israel-Hamas war will dent global growth outlook. Hong Kong will open trading in the afternoon after delay due to a typhoon and black rainstorm warning.
The Shanghai Composite Index retreated 0.7 per cent to 3,088.94 at the break, while the CSI 300 Index and the Shenzhen Composite Index both fell 0.6 per cent.
China Minsheng Bank fell 3.7 per cent to 3.70 yuan and China Merchants Bank slipped 1.2 per cent to 32.60 yuan. Brokerages declined after the Shanghai and Shenzhen exchanges quashed speculation that they would reintroduce the trading mechanism that allows sales of stocks on the same day as purchases. Everbright Securities lost 1.9 per cent to 16.34 yuan and Cinda Securities slumped 4.1 per cent to 16.47 yuan. Jiangxi Copper retreated 2.8 per cent to 18.72 yuan and Ganfeng Lithium slid 2.5 per cent to 43.47 yuan.
Read the full story on SCMP here.