Benchmark Shanghai index retreats from 7-week high
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Chinese stocks closed lower Tuesday, with the benchmark Shanghai Composite Index coming down from the highest closing in more than seven weeks.

The index closed 0.58 percent lower at 2,781.14 points, after closing at the highest since Aug. 1, 2018 on Friday.

The Shenzhen Component Index closed 0.66 percent lower at 8,353.38 points.

Combined turnover on the two bourses remained light, coming down to around 242 billion yuan (35.36 billion U.S. dollars) from 321 billion yuan on Friday.

Guangzhou Wanlong Securities Advisory Consultants Ltd. attributed the declines partly to weak market sentiment after a three-day Mid-Autumn Festival holiday.

"The capital in the stock market mostly took a prudent and defensive attitude," the firm said in a research note.

The real-estate sector led the drops with sub-index down 1.62 percent. Poly Real Estate, a large property developer in China, dropped 6.01 percent.

Bucking the trend, the sub-index for the oil sector rose 0.39 percent, with PetroChina, the largest oil and gas producer in China, rose 0.91 percent.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, dropped 0.38 percent to close at 1,405.81 points.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan