(Yicai Global) May 22 -- China's mainland stock markets opened lower this morning after a retreat in the US yesterday.

The Shanghai Composite Index opened 0.17 percent lower at 2,863.05, while the Shenzhen Component Index was at 10,832.91, down 0.12 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, opened flat at 2,099.42.

Most sectors started lower, with liquor firms diving nearly 2 percent within two minutes of the market opening. Wuliangye Yibin [SHE:000858], one of the country’s top distillers, had plunged 4.4 percent to CNY145 (USD20.38) as of 9.50 a.m.

Editor: James Boynton