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1st LD-Writethru: Chinese shares close mixed Monday

Xinhua, July 11, 2016 Adjust font size:

Chinese stocks closed mixed on Monday, with the benchmark Shanghai Composite Index up 0.23 percent, at 2,994.92 points.

The smaller Shenzhen index closed 0.16 percent lower at 10,594.82 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.91 percent to close at 2,218.59 points.

Turnover on the two bourses stood at 699.8 billion yuan (106 billion U.S. dollars), up from 590.2 billion yuan the previous trading day.

Sectors of liquor and coal mining performed well while logistics and electronics sectors lost.

Stocks were boosted by moderate economic data released on Sunday, which analysts said may prompt policy makers to use mild policy stimulus to meet growth targets.

China's consumer price index (CPI), a main gauge of inflation, grew 1.9 percent year on year in June, according to the National Bureau of Statistics.

June's data slowed from 2 percent growth in May and dropped for the second consecutive month, from 2.3 percent in April, when the CPI reached its highest level since July 2014. Endi