China’s stock market closed lower on Monday, with major indexes diving in the afternoon trading as an index measuring B-shares’ performance fell more than 6% at one point.

At the close, the Shanghai Composite Index fell 0.74%, at 3,041.17 points, while the Shenzhen Component Index went 1.01% lower to 10,651.5 points.

The ChiNext Index, which tracks China’s NASDAQ-style board for growth enterprises, lost 1.2% to 2,167.86 points.

Total traded amounts of the Shanghai and Shenzhen bourses increased to 180.6 billion yuan and 284.3 billion yuan, respectively.

Most sectors lost in both markets, with shares in communication and defense industries among the biggest losers.

At the end of trading, 566 counters rose, 2,113 shares declined, and the remaining 263 shares closed flat.

Shanghai – Hong Kong Stock Connect
The Shanghai – Hong Kong Stock Connect today saw a net fund outflow of 144 million yuan, for northbound trade.

Among the total 569 stocks eligible for the northbound trade, 97 counters rose, 437 shares declined, and the balance 35 remained unchanged.

Cinda Real Estate Co.,Ltd. surged by its 10% daily maximum limit.

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