China's A-share indices open lower, Lanqi Technology falls more than 9%

36Kr reports that China's three major stock indices opened lower, with the Shanghai Composite down 1.5%, the Shenzhen Component Index down 2.4%, and the ChiNext index down 3.13%. Communication equipment, semiconductors, and electronic components sectors led declines, with Lanqi Technology falling more than 9%, Lianxun Instruments dropping more than 5%, and Eoptolink declining more than 4%. Bank stocks strengthened, with Bank of Communications up 0.63% and Agricultural Bank of China rising 0.42%.