Chinese shares close lower Monday

Chinese stocks closed lower Monday, with the benchmark Shanghai Composite Index down 0.16 percent at 3,118.08 points.

The smaller Shenzhen index closed 0.5 percent lower at 10,283.16 points. The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.89 percent to close at 1,980.41 points. Endi