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Chinese Shares Close Lower on Wednesday

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Chinese equities closed lower on Wednesday as the benchmark Shanghai Composite Index went down 0.85 percent, or 27.96 points, to close at 3,254.22 points.

The Shenzhen Component Index lost 0.09 percent, or 12.19 points, to close at 13,505.18 points.

Combined turnover shrunk to 260.93 billion yuan (US$38.2 billion), from 265.55 billion yuan on the previous trading day.

(Xinhua News Agency January 6, 2010)