Chinese A-shares closed lower in light trading, auto and power companies leading losses

 

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Chinese A-shares closed lower on light trading volume on Monday, with the benchmark Shanghai Composite Index sliding 0.6% to close at 3,250, the Shenzhen Component Index down 0.8% and the tech-heavy Chinext Price Index sliding 1.2%.

Solar power companies, energy storage companies, wind power, automakers, auto parts supplies and semiconductor companies led the losses. Defence stocks, petrochemical companies and steelmakers were also mostly lower.

In contrast, catering companies, tourism companies, precious metal companies, biotech companies, real estate companies, and home appliance makers outperformed.

The total trading turnover hit 862.52 billion yuan, the lowest level since May 30.

Overseas investors’ A-share trading turnover via the Mainland – Hong Kong Stock Connect Scheme reached 85.2 billion yuan, marking the second lowest level in July.

Overseas investors’ sold a net 3.385 billion yuan of A-shares via the stock connect on the day.