SHANGHAI: Shanghai stocks dropped at the open Friday, in line with losses across Asia and following a weak lead from Wall Street, while morning trade in Hong Kong was suspended owing to a strong storm.

Shanghai Stock Exchange signs MoU with the Saudi Exchange

The Shanghai Composite Index fell 0.26 percent, or 8.12 points, to 3,114.23, while the Shenzhen Composite Index on China’s second exchange shed 0.32 percent, or 6.17 points, to 1,930.70.