China's A-share indices open lower, precious metals sector gains

36Kr reports that China's three major stock indices opened lower collectively, with the Shanghai Composite down 1.07%, the Shenzhen Component Index down 1.05%, and the ChiNext index down 2%; communication equipment, oil and gas, and shipping sectors led declines, with Zhongji Innolight and China Merchants Shipping falling more than 6% and PetroChina dropping more than 5%; precious metals and media sectors led gains, with Shengda Resources and Yinyi Media hitting limit-ups and Chifeng Gold rising more than 7%.