Beijing: Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 1.76 percent to 3,800.35 points. The Shenzhen Component Index also experienced a decline, closing 1.43 percent lower at 12,295.07 points.

According to Namibia Press Agency, the combined turnover of these two indices stood at 3.17 trillion yuan (about 445 billion U.S. dollars), which marked an increase from the 2.68 trillion yuan recorded on the previous trading day. The trading session saw significant activity in the computing power and chip sectors. While computing power hardware stocks maintained strength, chip stocks initially rose sharply but then retracted.

Additionally, stocks connected to the rare earth and semiconductor sectors led the gains, contrasting with sectors such as real estate, liquor, beauty care, and innovative drugs, which experienced significant losses. The ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, decreased by 0.69 percent, closing at 2,723.2 points.