Chinese stocks open lower on Monday

Chinese stocks opened lower on Monday with the benchmark Shanghai Composite Index down 1.33 percent to open at 3,614.99 points.

The Shenzhen Component Index opened 1.58 percent lower at 12,178.57, Xinhua news agency reported.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened 2.79 percent lower at 2,471.04 points.