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Chinese shares close lower Tuesday

2013-08-21 08:07 Xinhua Web Editor: qindexing
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Chinese shares closed lower Tuesday amid stock slump in Asian emerging countries like Indonesia, India and Thailand.

The benchmark Shanghai Composite Index dipped 0.62 percent, or 13.01 points, to end at 2,072.59, and the Shenzhen Component Index lost 0.62 percent, or 51.16 points, to finish at 8,234.56.

Combined turnover on the two bourses increased to 193.1 billion yuan (31.30 billion U.S. dollars) from 177.2 billion yuan the previous trading day.

The Jakarta Composite Index of Indonesia dived over 10 percent since the last trading day. Hong Kong stocks plunged 2.28 percent. The Stock Exchange of Thailand dropped 1.98 percent and the Bombay Stock Exchange Sensitive Index fell 0.41 percent.

The Chinese stock market unexpectedly soared Friday morning after big purchase orders sent from Everbright Securities Co., Ltd. The stock index fell sharply in the afternoon after the brokerage said it had a problem with its system, causing an error.

Trading of Everbright shares resumed on Tuesday, but dropped by the daily limit of 10 percent soon after the market opened, to 10.91 yuan per share.

Another brokerage, Haitong Securities, also made an error Tuesday morning. It did not update the latest stock information so many of its clients failed to trade shares. The sector of broker shares led the drop.

Bucking the trend, good news from China's cabinet and the country's top economic planner stimulated shares of railway building materials and information infrastructure.

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