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Chinese stocks close mixed, lithium battery shares retreat
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  • http://english.dbw.cn  2017-09-14 10:19:00
     

    Chinese stocks closed mixed Tuesday, with shares of lithium battery producers retreating after Monday's gains.

    The benchmark Shanghai Composite Index edged up 0.09 percent to close at 3,379.49 points, while the Shenzhen Component Index closed 0.09 percent lower at 11,043.61 points.

    Combined turnover on the two bourses stood at 757 billion yuan (about 116 billion U.S. dollars).

    Shares of lithium battery producers rose Monday after a senior official signaled China had started work on a timetable to phase out fossil fuel cars.

    These shares extended their strength during Tuesday's morning session but lost ground in the afternoon.

    Wuxi Lead Intelligent Equipment Co., Ltd. dropped 7.4 percent to 77.83 yuan, while Jiangxi Ganfeng Lithium Co., Ltd. fell 7.7 percent to 92.3 yuan.

    Cement producers performed strongly, with the Sichuan Shuangma Cement Co., Ltd. rising by the daily limit of 10 percent.

    The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.63 percent to close at 1884.48 points.

    Author:    Source:xinhua    Editor:Yang Fan

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