China’s Stocks End Tuesday in Red
(MENAFN) Chinese stocks ended lower on Tuesday, with the Shanghai Composite Index retreating by 0.18%, closing at 3,821.83 points.
Meanwhile, the Shenzhen Component Index dropped 0.29%, finishing the day at 13,119.82 points.
Trading volume for both indices surged to 2.49 trillion yuan (approximately 350.4 billion U.S. dollars), a notable increase from 2.12 trillion yuan on the previous day.
Stocks in the port shipping and banking sectors saw positive movement, while tourism-related shares experienced significant declines.
In contrast, the ChiNext Index, which tracks China’s growth-oriented enterprises similar to the Nasdaq, rose by 0.21%, finishing at 3,114.55 points.
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