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1st LD-Writethru: Chinese shares close lower Wednesday

Xinhua, September 14, 2016 Adjust font size:

China stocks closed lower Wednesday with the benchmark Shanghai Composite Index edging down 0.68 percent to close at 3,002.85 points.

The Shenzhen Component Index closed 0.57 percent lower at 10,454.24 points. The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.06 percent to close at 2,144.56 points.

Combined turnover on the two bourses stood at 374.9 billion yuan (56.7 billion U.S. dollars), slightly down from 397 billion yuan the previous day.

Nearly 1,800 shares posted losses on the two bourses with tourism and graphene among the biggest losers.

China's economic activity was in better shape last month despite lingering downward pressure.

Foreign direct investment (FDI) into the Chinese mainland rose 5.7 percent year on year in August, compared with a 1.6-percent drop in July, official data showed Tuesday.

Fixed-asset investment, industrial output and retail sales all accelerated in August, according to the National Bureau of Statistics.Endi