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Chinese shares dip as yuan weakens

  • Chinese shares fell below the 3,900 points level on Wednesday as the yuan continued its decline. The benchmark Shanghai composite index closed down 1.06 percent to stand at 3,886.32 points.

    The smaller Shenzhen component index edged down 1.55 percent to close at 13,117.1. The ChiNext index, tracking China's Nasdaq-style board of growth enterprises, lost 2.84 percent to end at 2,622.19.

    Total turnover of the two exchanges shrank to 1.1 trillion yuan ($173.8 billion), down from 1.34 trillion yuan on Tuesday. (Source: IANS)

     

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