Shanghai: Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 0.21 percent to 3,323.85 points. The Shenzhen Component Index saw a more significant decline, closing 1.91 percent lower at 10,544.02 points.
According to Namibia Press Agency, the combined turnover of these two indices was nearly 1.76 trillion yuan (approximately 244.76 billion U.S. dollars), which was a decrease from the 1.83 trillion yuan recorded on the previous trading day. The trading day saw heavy losses in the education and cloud office sectors, while the banking and steel sectors experienced gains.
Additionally, the ChiNext Index, which tracks China’s Nasdaq-style board of growth enterprises, lost 2.35 percent to close at 2,190.95 points on Monday.