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Chinese shares close lower Monday

0 Comment(s)Print E-mail Xinhua, August 5, 2024
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Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 1.54 percent to 2,860.7 points.

The Shenzhen Component Index closed 1.85 percent lower at 8,395.05 points.

The combined turnover of stocks covered by the two indices stood at 790.48 billion yuan (about 110.8 billion U.S. dollars), up from 722.36 billion yuan recorded on the previous trading day.

Shares related to the education and distilled spirit sectors led the gains, while those linked to packaging and semiconductors suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.89 percent to close at 1,607.29 points.

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