Chinese shares close lower on Friday

Source: Xinhua| 2021-07-09 16:19:01|Editor: huaxia

BEIJING, July 9 (Xinhua) -- Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.04 percent, at 3,524.09 points.

The Shenzhen Component Index closed 0.26 percent lower at 14,844.36 points

The combined turnover of stocks covered by the two indices stood at 1.13 trillion yuan (about 174.5 billion U.S. dollars), exceeding the one-trillion-yuan mark for the 7th consecutive trading day.

Shares related to rare earth led the gains, while liquor producers saw losses.

Official data showed Friday China's consumer inflation continued modest growth in June, and producer prices registered slower growth following efforts to stabilize prices of raw materials.

The consumer price index (CPI), one of the main gauges of inflation, rose 1.1 percent year on year in June, lower than the 1.3 percent year-on-year growth recorded in May.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, lost 0.69 percent to close at 3,409.31 points Friday. Enditem