Chinese shares close mixed Tuesday

BEIJING, Nov. 6 (Xinhua) — Chinese shares closed mixed Tuesday, but venture capital-related firms continued to rally, boosted by the country’s decision to set up a science and technology innovation board.

The benchmark Shanghai Composite Index lost 0.23 percent to close at 2,659.36, pairing some of the steeper losses seen early Tuesday. The Shenzhen Component Index closed 0.61 percent lower at 7,791.25, also reeling from a 1.7-percent slump at midday.

Combined turnover on the two bourses stood at 313.97 billion yuan (about 45.45 billion U.S. dollars), down from 393.6 billion yuan the previous trading day.

Venture capital-related shares expanded the sub-index growth to 5.36 percent on Tuesday, with shares of three firms based in the Yangtze River Delta hiking by the daily limit of 10 percent. The technology VC firm Zhangjiang Hi-tech Park Development Co. Ltd. ended at 11.87 yuan, rising by the 10-percent daily limit for the second day.

The liquor industry resumed its losing streak, with the sub-index decrease narrowed down to 1.53 percent. The Jiangsu-based industry heavyweight Yanghe Brewery Joint-stock Co., Ltd. dropped 2.16 percent to close at 95.55 yuan. The household brand Luzhou Laojiao lost 1.87 percent to 38.85 yuan.

The ChiNext Index, China’s NASDAQ-style board, gained 0.02 percent to close at 1,349.11.

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