Chinese shares continue to decline Thursday

Source: Xinhua| 2018-06-14 18:06:25|Editor: Li Xia
Video PlayerClose

BEIJING, June 14 (Xinhua) -- Chinese stocks continued to decline Thursday as market sentiment remained subdued, with the benchmark Shanghai Composite Index down 0.18 percent to end at 3,044.16 points.

The Shenzhen Component Index closed 0.76 percent lower at 10,084.18 points.

Combined turnover dropped to 317.4 billion yuan (about 49.65 billion U.S. dollars), down from 342.9 billion yuan the previous trading day.

Tech giant Foxconn Industrial Internet, which went public on the Shanghai Stock Exchange last Friday, slumped 9.45 percent to 23.29 yuan as prudent investors took profits after consecutive gains earlier this week.

Wine and liquor makers also suffered heavy losses Thursday. Citic Guoan Wine Co., Ltd. dropped by the daily limit of 10 percent to 6.09 yuan, while Luzhou Laojiao Co., Ltd. lost 3.53 percent to 67.19 yuan.

Bucking the trend, steelmakers gained significantly. Xining Special Steel Co,. Ltd. and Anyang Iron&Steel Inc. rose by the daily limit of 10 percent to 4.8 yuan and 4.27 yuan, respectively.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.75 percent to close at 1,673.32 points Thursday.