Chinese shares opened sharply lower on Monday morning, with the benchmark Shanghai Composite Index down 2.07 percent to open at 2,933.82.

The Shenzhen Component Index dropped 2.28 percent to open at 12,016.61.

All stocks but one on the ChiNext exchange, the country's new Nasdaq-style market for small and medium-sized companies, fell by the daily limit of 10 percent at opening of Monday, the second trading day, after a soaring debut on last Friday.