China stocks open higher after central bank's rate cut

Chinese stocks opened higher on Monday morning after the country's central bank unexpectedly cut interest rates during the weekend to boost national economy.

The benchmark Shanghai Composite Index was up 0.75 percent, or 18.74 points to open at 2,505.53 points. The Shenzhen Component Index opened at 8,498.06 points, up 1.99 percent, or 165.76 points.