(Yicai Global) Jan. 28 -- China's mainland stock markets dived early this morning after three major US equity indexes suffered over 2 percent losses yesterday.

The Shanghai Composite Index opened 1.08 percent lower at 3,534.67. The Shenzhen Component Index was at 15,169.10, down 1.59 percent. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, slid 1.86 percent to 3,219.93.

Most sectors declined but the new energy sector, which has rallied this year, retreated the most. BYD [SHE:002594] dropped 4.5 percent and Contemporary Amperex Technology [SHE:300750] opened 2.7 percent lower.

The US markets fell sharply yesterday. The Dow Jones Industrial Average slumped 2.05 percent. The Nasdaq Composite tumbled 2.61 percent and the S&P 500 Index fell 2.57 percent.

Editor: Emmi Laine