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Chinese shares close mixed Thursday

Source: Xinhua| 2018-02-08 18:18:30|Editor: pengying
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BEIJING, Feb. 8 (Xinhua) -- Chinese stocks saw mixed performance Thursday, as Shanghai stocks ended lower while Shenzhen gained.

The benchmark Shanghai Composite Index dipped 1.43 percent to close at 3,262.05 points, while the Shenzhen Component Index closed 1.23 percent higher at 10,372.59 points.

Combined turnover on the two bourses shrank to 411.9 billion yuan (65.57 billion U.S. dollars) from 526.5 billion yuan the previous trading day.

The Shanghai SE 50 Index, which tracks actively traded industry leaders, dropped 2.76 percent.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 1.55 percent to close at 1,641.43 points.

Heavyweight bluechips in the banking sector led the losses, with China CITIC Bank and Industrial and Commercial Bank of China losing 6.45 percent and 7.71 percent, respectively.

Smart wearables and pharmaceuticals industries gained, with home entertainment device producer Intretech and Guangji Pharm surging by the daily limit of 10 percent.

Some 213 million restricted stocks of Leshi Internet Information and Technology, the listed arm of technology conglomerate LeEco, became tradable on Thursday, according to the company's announcement.

Bucking the declining sentiment, the debt-laden company saw its shares up 5.39 percent to reach 5.08 yuan per share, after slumping by the daily limit of 10 percent for 11 consecutive trading days.

The A-share market maintains positive fundamentals for the long run, despite recent reactions to the overseas markets, according to Shanghai Securities News, citing senior market analysts.

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