Wed, 31 May 2023

Chinese shares close lower Wednesday

24 May 2023, 19:18 GMT+10

© Provided by Xinhua

BEIJING, May 24 (Xinhua) -- Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 1.28 percent to 3,204.75 points.

The Shenzhen Component Index closed 0.84 percent lower at 10,920.33 points.

The combined turnover of stocks covered by the two indices stood at 800.4 billion yuan (about 113.44 billion U.S. dollars), expanding from 763.4 billion yuan on the previous trading day.

Stocks in the sectors of plastic product and electrical appliance led the gains, while those related to airport and aviation and property development suffered the biggest losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.36 percent to close at 2,245.26 points Wednesday.

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