|
BEIJING, Feb. 23 (Xinhua) -- Chinese stocks ended a three-session winning streak to close lower on Thursday after investors retreated from a previous rally.
The benchmark Shanghai Composite Index was down 0.3 percent at 3,251.38 points, while the smaller Shenzhen index closed 0.11 percent lower at 10,432.64 points.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 0.31 percent to close at 1,925.95 points.
Combined turnover increased to about 514 billion yuan (about 74.8 billion U.S. dollars) on Thursday from 502.2 billion yuan the previous trading day.
Cement and real estate sectors led Thursday's fall, down 3.79 percent and 0.55 percent, respectively.
Henan Tongli Cement plunged by the 10-percent daily trade limit to close at 26.37 yuan, while Beijing Urban Construction Investment & Development slipped 1.81 percent to close at 14.14 yuan.
An official said on Thursday that China will speed up legislation on the long-discussed property tax.
"It is a major task in China's tax reform determined by policymakers, and the lawmaking process will be accelerated," Lu Kehua, vice minister of housing and urban-rural development, said at a press conference.
