FTSE China A50 index futures opened down 1.18%.

Shandong Tengda Fastening Technology Co., Ltd (Tengda Technology) said on Oct 15 it will lower prices for 304 stainless-steel products effective the same day, citing current raw-material and market conditions; new prices will be implemented via the company's Tengda Yougou online procurement system.

Liren Lizhuang opened at the daily limit and briefly extended a fourth consecutive limit-up before plunging to hit the intraday lower limit. The stock closed down 8.93% with turnover above CNY1.0 bln and a turnover rate of 22.92%. A company representative said it had no information on the secondary-market swings, that operations are normal, and that Q3 results are being compiled for release on Oct. 30. On whether the company will return to profit this year, the representative said the answer depends on the actual data.