Chinese shares close higher Thursday-Xinhua

Chinese shares close higher Thursday

Source: Xinhua

Editor: huaxia

2022-07-07 16:34:45

BEIJING, July 7 (Xinhua) -- Chinese stocks closed higher on Thursday, with the benchmark Shanghai Composite Index up 0.27 percent, at 3,364.40 points.

The Shenzhen Component Index closed 0.97 percent higher at 12,935.85 points.

Turnover of stocks covered by the two indices stood at about 1.05 trillion yuan (about 156.4 billion U.S. dollars), down from 1.09 trillion yuan on the previous trading day.

Stocks in the automobile sector led the gains as China's Ministry of Commerce and 16 other government departments have detailed 12 specific measures in six aspects to invigorate automobile circulation and boost auto consumption.

Companies in the sectors of digital identity card and green power also saw their stock prices increase rapidly, while those related to clothing and home textile were among the biggest losers.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.68 percent to close at 2,849.71 points Thursday.