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March 3, 2021

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Indexes close lower

Chinese stocks closed lower yesterday, with the benchmark Shanghai Composite Index down 1.21 percent, at 3,508.59 points. The Shenzhen Component Index closed 0.71 percent lower at 14,751.12 points.

The combined turnover of stocks covered by the two indices was 917.52 billion yuan (US$141.98 billion), up from 873.2 billion yuan on the previous trading day.

Stocks related to rare-earth magnets, paper-making industries and new chemical materials led the gains, while those in securities and banking sectors logged weaker performance.


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