1st LD-Writethru: Chinese shares end lower, following Asian market declines
Xinhua, April 14, 2017 Adjust font size:
Chinese stocks fell Friday, following declines on other Asian markets, with investors nervous about growing geopolitical uncertainty on the Korean Peninsula nuclear issue.
The benchmark Shanghai Composite Index declined 0.91 percent at 3,246.07 points. The Shenzhen Component Index dropped 1.26 percent at 10,519.86 points.
The ChiNext Index, China's NASDAQ-style board, lost 1.2 percent to close at 1,887.46 points.
Most shares went lower with losers outnumbering gainers by 973 to 163 on the Shanghai Stock Exchange, and 1,451 to 306 on the Shenzhen bourse.
Tension is increasing between the Democratic People's Republic of Korea and the United States over Washington's threat to stage military strikes against Pyongyang over its nuclear and missile tests.
Asian markets pulled back amid geopolitical uncertainty, with the Nikkei Stock Average falling 0.49 percent to 18,335.63 and the Korea Composite Stock Price Index down 0.64 percent to settle at 2,134.88.
However, the uncertainty fueled gold and lifted stocks of Chinese gold miners. Stocks of Zhongjin Gold gained 2.81 percent to 13.16 yuan (1.91 U.S. dollars). Western Region Gold surged 4.16 percent to 26.32 yuan. Endi