BUSINESS Chinese shares close lower on Wednesday


Chinese shares close lower on Wednesday


17:40, September 16, 2020

stocks file photo.jpg

A man wearing a protective mask walks past an electronic stock board at the Shanghai Stock Exchange in Shanghai, China, on March 2, 2020. (File photo: China Daily)

BEIJING, Sept. 16 (Xinhua) -- Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 0.36 percent to 3,283.92 points.

The Shenzhen Component Index closed 1.01 percent lower at 13,011.28 points.

The combined turnover of stocks covered by the two indices shrank to 684.3 billion yuan (about 100.89 billion U.S. dollars) from 725.5 billion yuan the previous trading day.

Losers outnumbered gainers by 934 to 438 on the Shanghai bourse and by 1,619 to 567 in Shenzhen.

Shares in the automobile and photoelectric industries outperformed the market, with shares of Great Wall Motor Company Limited surging by 5.75 percent to close at 18.22 yuan apiece.

Shares related to biological vaccines and digital currency led losses.

The ChiNext Index, China's NASDAQ-style board of fast-growing enterprises, fell 1.55 percent to close at 2,554.8 points on Wednesday. Enditem

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue