Chinese stocks close mixed Monday

Chinese shares closed Monday trading with mixed performance.

The benchmark Shanghai Composite Index climbed 0.27 percent, or 5.74 points, to end at 2,159.05 points. The Shenzhen Component Index finished at 8,631.37 points, down 0.31 percent, or 26.98 points.

Combined turnover on the two bourses fell to 136.7 billion yuan (21.7 billion U.S. dollars) from 165.7 billion yuan the previous trading day.

Gainers outnumbered losers by 489 to 412 in Shanghai and by 1,016 to 432 in Shenzhen.

Financial shares led the rises, after the country's top securities authority approved a plan to expand brokerages' business scope to help them improve their flagging profit margins.

Sealand Securities Co. rose 6.54 percent to close at 12.06 yuan per share, while Citic Securities Co., the country's biggest brokerage by market value, edged up 0.42 percent to finish at 11.92 yuan.

Auto producers also rallied.

Wuhu Yaxia Automobile Corporation, a mid-sized car manufacturer, jumped by the 10-percent daily limit to close at 8.02 yuan per share. FAW Car Co. gained 8.88 percent to finish at 8.58 yuan.

However, white liquor producers bucked the trend, with Kweichou Moutai Co. falling 5.55 percent to finish at 204.58 yuan. Jiangsu Yanghe Brewery Joint-Stock Co. slid 4.97 percent to close at 87.43 yuan.