Chinese shares snap six-session winning streak

Source: Xinhua| 2017-11-14 17:39:02|Editor: Mengjie
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BEIJING, Nov. 14 (Xinhua) -- Chinese stocks closed lower Tuesday as investors took profits after a six-session winning streak, with the benchmark Shanghai Composite Index down 0.53 percent at 3,429.55.

The Shenzhen Component Index closed 0.96 percent lower at 11,582.92.

Combined turnover on the two bourses rose to 603.7 billion yuan (90.9 billion U.S. dollars) from 596.5 billion yuan Monday.

The ChiNext Index, China's NASDAQ-style board, lost 0.51 percent to close at 1,896.72.

Tuesday's fall was led by shares related to food and beverage, recreational services and home appliances, which had seen huge gains in past trading sessions.

China International Travel Service Corporation dropped 5.43 percent to 43.69 yuan, while Midea Group, one of China's leading home appliance makers, dipped 2.61 percent to 52.31 yuan.

Computer chip producers also suffered losses, with Sanan Optoelectronics and Unigroup Guoxin dropping 7.45 percent and 6.34 percent respectively.

Shares related to free trade port construction bucked Tuesday's trend as investor sentiment remained robust. Shanghai Material Trading jumped by the daily limit of 10 percent to 17.72 yuan.

Coal shares also posted strong performance as China's northern regions entered the winter heating season. China Shenhua Energy rose 5.33 percent to 23.53 yuan.