BEIJING, Oct. 30 (Xinhua) -- Chinese shares saw unexpected, across-the-board declines on Monday, partly weighed down by lackluster brokerages and resource firms, marking a retreat from a strong gaining streak in the last week.
The benchmark Shanghai Composite Index went down 0.77 percent to finish at 3,390.34 points, while the Shenzhen Component Index closed 1.15 percent lower at 11,312.61 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 2.12 percent to close at 1,855.99 points.
Combined turnover rose markedly to 562.48 billion yuan (84.6 billion U.S. dollars) from 463.2 billion yuan on the previous trading day.
Around 85 percent of listed companies saw their shares drop. Brokerages, resource companies and newly-listed shares suffered the most.
Guotai Junan Securities Co., Ltd., a major brokerage, lost 1.47 percent to slightly higher than 20 yuan per share, while China Northern Rare Earth (Group) High-tech Co., Ltd. dropped 4.44 percent to less than 15 yuan per share.
Analysts attributed the declines partly to larger IPOs approved Friday and partly to unsatisfactory performance of growth firms for the third quarter.
Bucking the trend, some shares related to airports, shipping and distilled spirits rose.
