1st LD-Writethru: Chinese shares close lower Thursday

Xinhua
12 May 2022, 13:49 GMT+10

BEIJING, May 12 (Xinhua) -- Chinese stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 0.12 percent, at 3,054.99 points.

The Shenzhen Component Index closed 0.13 percent lower at 11,094.87 points.

The combined turnover of stocks covered by the two indices stood at 821.24 billion yuan (about 122 billion U.S. dollars), down from 1.08 trillion yuan the previous trading day.

Shares related to hospitality and catering as well as cosmetic services led the gains, and those in the agriculture and property development sectors were among the biggest losers.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.22 percent to close at 2,351.27 points.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

null in null

Business

Section

Meta hires SSI CEO Gross as AI race intensifies among tech giants

PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Microsoft trims jobs to manage soaring AI infrastructure costs

REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...

Stocks worldwide struggle to make ground Friday with Wall Street closed

LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...

Nvidia briefly tops Apple’s record in AI-fueled stock rally

SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...

ICE raids leave crops rotting in California, farmers fear collapse

SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...

Construction

Section