Chinese shares retreat Friday on global fluctuations

Updated 2017-02-03 20:43:16 Xinhua
Investors look through stock information at a trading hall in Changchun, capital of northeast China's Jilin Province, Feb. 3, 2017. Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.6 percent at 3,140.17 points. The smaller Shenzhen Component Index closed 0.47 percent lower at 10,004.84 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.5 percent to close at 1,876.76 points. (Xinhua/Zhang Nan)

Investors look through stock information at a trading hall in Changchun, capital of northeast China's Jilin Province, Feb. 3, 2017. Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.6 percent at 3,140.17 points. The smaller Shenzhen Component Index closed 0.47 percent lower at 10,004.84 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.5 percent to close at 1,876.76 points. (Xinhua/Zhang Nan)

Chinese shares slipped on the first trading day of the year of the rooster after a week-long holiday break, joining global fluctuations.

The benchmark Shanghai Composite Index opened slightly higher and quickly turned red, finally closing 0.6 percent down at 3,140.17 points.

The smaller Shenzhen Component Index closed 0.47 percent lower at 10,004.84 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.5 percent to close at 1,876.76 points.

Analysts attributed the performance partly to profit-taking and partly to volatility in the global market.

Trading on China's two bourses was thin, with total turnover of over 240 billion yuan (around 35 billion U.S. dollars).

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