BUSINESS Chinese shares close lower Wednesday

BUSINESS

Chinese shares close lower Wednesday

Xinhua

15:46, August 22, 2018

An investor watches an electronic board showing stock information at a brokerage office in Hangzhou, East China's Zhejiang province, May 30, 2018. (Photo/VCG)

BEIJING - Chinese stocks closed lower Wednesday, with the benchmark Shanghai Composite Index down 2.53 percent at 3,041.44 points.

The Shenzhen Component Index closed 2.35 percent lower at 10,105.8 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 2.67 percent to close at 1,726.22 points Wednesday.

The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, are major indices reflecting the performance of stocks listed on the Shenzhen Stock Exchange.

The ChiNext Board, which started trading on Oct 30, 2009, mainly lists high-tech companies and those with high growth potential.

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