ChiNext Index closes lower Wednesday

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped by 8.99 points, or 0.63 percent, to end at 1,427.4 points on Wednesday.

The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes up the three core indices reflecting the performance of China's stocks listed on the Shenzhen Stock Exchange.

The ChiNext Board, which started trading on Oct. 30, 2009, mainly lists high-tech companies and those with high growth potential.