Off the wire
• China to streamline procedures for withdrawing housing provident funds  • China Hushen 300 index futures close higher Tuesday  • China treasury bond futures close lower Tuesday  • Roundup: S.Korea raises 2017 defense budget on advancing DPRK nuke, missile  • Iran in solidarity with Iraq to oppose slaughter of innocents  • Tokyo stocks close slightly lower as investors secure gains  • Chinese shares close higher Tuesday  • China, Vietnam should boost military cooperation: defense ministers  • Former deputy governor charged with accepting millions of USD in bribes  • Australian stocks close higher  
You are here: 　 Home

1st LD-Writethru: Chinese shares close higher Tuesday

Xinhua, August 30, 2016 Adjust font size:

Chinese stocks closed higher Tuesday, led by aviation and banking shares.

The benchmark Shanghai Composite Index rose 0.15 percent to close at 3,074.68 points. The Shenzhen index closed 0.04 percent higher at 10,729.12 points.

The ChiNext Index, tracking China's NASDAQ-style enterprises, was up 0.11 percent to close at 2,195.53 points.

Turnover on the two bourses fell to 422.44 billion yuan (around 63.24 billion U.S. dollars), down from 431.87 billion yuan the previous trading day.

Aviation and military stocks continued their bullish performance, buoyed by the establishment of the Aero Engine Corporation of China on Sunday.

Avic Aero-engine Controls, a leading aircraft engine maker, jumped 7.74 percent year on year to finish at 30.33 yuan.

Lenders rebounded Tuesday, shaking off generally weak earnings reports and concerns about bad loans. The Industrial and Commercial Bank of China, the biggest lender by market value, added 0.45 percent to close at 4.51 yuan.

Bucking the trend, environmental protection shares erased earlier gains to close lower, with the sub-index for the sector down 1.53 percent.

Guangxi Bossco Environmental Protection Technology, a waste water treatment company, dropped 5.39 percent to end at 38.98 yuan. Endi