SHANGHAI/HONG KONG — Stock markets in mainland China and Hong Kong were volatile on Monday after the Finance Ministry announced fiscal support for the economy on Saturday but did not disclose the extent of additional spending.
The CSI 300 Index, a benchmark for Shanghai and Shenzhen shares, opened 0.7% higher before extending gains, but slipped into negative territory in the first hour of trading. Hong Kong's benchmark Hang Seng Index fell more than 2% in morning trade after opening 0.1% lower.