Beijing: Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index rising 0.67 percent to reach 3,346.01 points. The Shenzhen Component Index also experienced a significant uplift, closing 1.9 percent higher at 10,743.84 points.
According to Namibia Press Agency, the combined turnover of these two indices was 1.56 trillion yuan (approximately 216.93 billion U.S. dollars), showing a decrease from nearly 1.76 trillion yuan recorded on the previous trading day. The ceramics and electrical appliance industries were the primary drivers of the gains, while the brewing and coal sectors faced notable declines.
The ChiNext Index, which tracks China’s Nasdaq-style board of growth enterprises, also saw a positive performance with a 3 percent gain, closing at 2,256.61 points on Tuesday.