Shanghai Composite closed down for fourth straight day

 

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Chinese A-shares closed lower on Monday, with the benchmark Shanghai Composite Index falling 0.35% to 3,115.6, closing down for the fourth consecutive trading day.

The Shenzhen Component Index fell 0.48% and the tech-heavy Chinext Price Index slipped 0.72%.

Internet companies, software developers, construction machinery makers, defence stocks, semiconductor companies led the losses.

Catering companies, tourism companies, airport operators outperformed after the top economic planner NDRC pledged to introduce more policy measures to boost consumption and accelerate recovery. Automakers, coal miners, liquor makers and shipping companies were also mostly higher.