HONG KONG/SHANGHAI — Mainland China and Hong Kong stocks opened lower on Monday, as investors expressed disappointment with the government’s latest move to support the economy while Donald Trump’s impending return to the White House raises geopolitical risks.
Hong Kong’s flagship Hang Seng Index opened more than 2% lower, led by declines in the consumer sector, financial institutions and property developers. China Resources Beer Holdings fell by about 6% at one point, while bourse operator Hong Kong Exchanges and Clearing declined about 5% and China Longfor Properties dropped by more than 6%.
