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Chinese shares close mixed Tuesday

Source: Xinhua   2017-03-14 16:40:10

BEIJING, March 14 (Xinhua) -- Chinese stocks closed mixed on Tuesday despite positive economic indicators.

The benchmark Shanghai Composite Index went up 0.07 percent to 3,239.33 points.

The smaller Shenzhen index closed 0.27 percent lower at 10,531.73 points. The ChiNext Index, which tracks China's high-growth enterprises, lost 0.65 percent to close at 1,958.02 points.

Combined turnover shrank to 460 billion yuan (about 66.48 billion U.S. dollars) Tuesday from 474.6 billion yuan the previous trading day.

A string of economic indicators released Tuesday painted a rosy picture of the world's second-largest economy.

Industrial output rose 6.3 percent in January-February from one year earlier, while fixed-asset investment growth accelerated to 8.9 percent during the period, both beating market expectations, data from the National Bureau of Statistics (NBS) showed.

Growth of private sector investment accelerated from 3.2 percent in 2016 to 6.7 percent in the period, the highest pace of growth in one year.

Property development investment also continued to grow in January and February.

However, investors remained cautious over the market with uncertain events such as the U.S. Fed rate hike approaching.

Stocks related to military manufacturing, medicine and property developers led the gains, with the share price of the leading real estate developer China Vanke Co., Ltd. growing more than 4 percent.

Editor: Mengjie
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Xinhuanet

Chinese shares close mixed Tuesday

Source: Xinhua 2017-03-14 16:40:10
[Editor: huaxia]

BEIJING, March 14 (Xinhua) -- Chinese stocks closed mixed on Tuesday despite positive economic indicators.

The benchmark Shanghai Composite Index went up 0.07 percent to 3,239.33 points.

The smaller Shenzhen index closed 0.27 percent lower at 10,531.73 points. The ChiNext Index, which tracks China's high-growth enterprises, lost 0.65 percent to close at 1,958.02 points.

Combined turnover shrank to 460 billion yuan (about 66.48 billion U.S. dollars) Tuesday from 474.6 billion yuan the previous trading day.

A string of economic indicators released Tuesday painted a rosy picture of the world's second-largest economy.

Industrial output rose 6.3 percent in January-February from one year earlier, while fixed-asset investment growth accelerated to 8.9 percent during the period, both beating market expectations, data from the National Bureau of Statistics (NBS) showed.

Growth of private sector investment accelerated from 3.2 percent in 2016 to 6.7 percent in the period, the highest pace of growth in one year.

Property development investment also continued to grow in January and February.

However, investors remained cautious over the market with uncertain events such as the U.S. Fed rate hike approaching.

Stocks related to military manufacturing, medicine and property developers led the gains, with the share price of the leading real estate developer China Vanke Co., Ltd. growing more than 4 percent.

[Editor: huaxia]
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