Chinese stocks declined on Monday morning, as markets returned from a week-long holiday that prompted disappointing levels of spending and travel.
The CSI 300 fell 1.2 per cent, dragged lower by the travel and leisure, oil and securities sectors as well as pork producers.
The average number of trips made by Chinese tourists a day during the Golden Week holiday topped 1.477mn, equivalent to 85.1 per cent of their pre-pandemic levels but lower than a previous government estimate of 1.58mn.
Trading in Tokyo and Seoul was closed on Monday for a holiday, while Hong Kong’s morning session was delayed due to a weather warning. The stock exchange said trading in securities and derivatives would restart at 2pm Hong Kong time.
