Chinese shares down on profit-taking

Chinese shares dipped after a two-day winning streak on Tuesday as investors moved to lock in profits.

The benchmark Shanghai Composite Index shed 0.83 percent, or 18.59 points, to finish at 2,210.65, while the Shenzhen Component Index lost 1.37 percent, or 119.88 points, to finish at 8,619.64.

Combined turnover on the two bourses increased to 296.03 billion yuan (48.22 billion U.S. dollars) from 264.63 billion yuan the previous trading day.

The media and entertainment sector led the losses, with its sub-index down 7.02 percent. Industry heavyweights Huayi Brothers Media Corp. and Beijing Enlight Media Co., Ltd. both fell by the daily limit of 10 percent.

The coal industry was the biggest winner, with its sub-index up 1.82 percent. Henan Dayou Energy Co., Ltd. surged 7.42 percent to 9.99 yuan per share. Gansu Jingyuan Coal Industry And Electricity Power Co., Ltd. added 6.81 percent to 11.76 yuan.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, tumbled 3.60 percent on Tuesday to end at 1,350.47, following a 3.78-percent rise on Monday.