(Yicai Global) Jan. 5 -- China’s mainland stock markets opened lower this morning despite the sustained rallies of Tesla-related stocks and liquor distillers.

The Shanghai Composite Index started 0.31 percent lower at 3,492.19. The Shenzhen Component Index slipped 0.45 percent to 14,760.25. The ChiNext, which tracks growth enterprises listed in Shenzhen, decreased by 0.91 percent to 3,050.18.

Tesla suppliers Mould & Plastic Technology [SHE:000700] and Yahua Industrial Group [SHE: 002497] surged by 10 percent. Baijiu makers Kweichow Moutai [SHA: 600519] and Wuliangye [SHE: 000858] were also on the rise, as well as animal breeding stocks.

Digital currency firms, brokerages, and banks were the biggest losers.

Editor: Emmi Laine