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Chinese shares close mixed Tuesday

Source: Xinhua   2016-06-07 16:45:55

BEIJING, June 7 (Xinhua) -- Chinese stocks closed mixed on Tuesday, with the benchmark Shanghai Composite Index up 0.07 percent, at 2,936.04 points.

The smaller Shenzhen index closed 0.15 percent lower at 10,347.84 points.

Combined turnover on the two bourses dropped to 509.038 billion yuan (77.48 billion U.S. dollars) from 527.93 billion yuan the previous trading day.

Stocks related to lithium battery and electric charging piles led the gains, while Internet lottery and football shares were among the biggest losers.

Beijing Sojo Electric Co. Ltd. surged by the daily limit of 10 percent to end at 25.47 yuan per share. Guangzhou Goaland Energy Conservation Tech Co. Ltd. also rose by 7.31 percent to end at 94.11 yuan.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.12 percent to close at 2,196.73 points.

The stock market is likely to enter a round of gains, said Huatai Securities, citing the increasing possibility of A-share being included in MSCI and the launch of Shenzhen-Hong Kong Stock Connect as major driving factors.

A new stock trading system was put to use at China's Shenzhen Stock Exchange on Monday, paving the way for a stock connect program between the Shenzhen and Hong Kong bourses.

Economists expect China to launch the Shenzhen-Hong Kong Stock Connect this year to expand overseas investor's exposure to the country's onshore stock market.

On June 15, The global stock index compiler MSCI (Morgan Stanley Capital International) will announce its decision on whether to add China's A-share market into its emerging market index.

Editor: Tian Shaohui
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Xinhuanet

Chinese shares close mixed Tuesday

Source: Xinhua 2016-06-07 16:45:55
[Editor: huaxia]

BEIJING, June 7 (Xinhua) -- Chinese stocks closed mixed on Tuesday, with the benchmark Shanghai Composite Index up 0.07 percent, at 2,936.04 points.

The smaller Shenzhen index closed 0.15 percent lower at 10,347.84 points.

Combined turnover on the two bourses dropped to 509.038 billion yuan (77.48 billion U.S. dollars) from 527.93 billion yuan the previous trading day.

Stocks related to lithium battery and electric charging piles led the gains, while Internet lottery and football shares were among the biggest losers.

Beijing Sojo Electric Co. Ltd. surged by the daily limit of 10 percent to end at 25.47 yuan per share. Guangzhou Goaland Energy Conservation Tech Co. Ltd. also rose by 7.31 percent to end at 94.11 yuan.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.12 percent to close at 2,196.73 points.

The stock market is likely to enter a round of gains, said Huatai Securities, citing the increasing possibility of A-share being included in MSCI and the launch of Shenzhen-Hong Kong Stock Connect as major driving factors.

A new stock trading system was put to use at China's Shenzhen Stock Exchange on Monday, paving the way for a stock connect program between the Shenzhen and Hong Kong bourses.

Economists expect China to launch the Shenzhen-Hong Kong Stock Connect this year to expand overseas investor's exposure to the country's onshore stock market.

On June 15, The global stock index compiler MSCI (Morgan Stanley Capital International) will announce its decision on whether to add China's A-share market into its emerging market index.

[Editor: huaxia]
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