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BEIJING, Aug. 16 (Xinhua) -- Chinese shares closed mixed Tuesday, with the Shanghai stocks retreating from Monday's seven-month high, led by financial players.
The benchmark Shanghai Composite Index went down 0.49 percent to close at 3,110.04 points.
The Shenzhen index closed 0.56 percent higher at 10,882.95 points. The ChiNext Index, China's NASDAQ-style board of growth enterprises, was up 0.36 percent to close at 2,201.1 points.
Overall turnover dropped to 709.6 billion yuan (about 107.02 billion U.S. dollars), down 40 billion yuan from the previous trading day.
Banks, insurers and brokage were Tuesday's biggest losers. Bank of Ningbo plunged seven percent. National players such as Bank of China and Industrial and Commercial Bank of China both fell over three percent.
Yet shares related to the upcoming Shenzhen-Hong Kong Stock Connect remained strong Tuesday. Shenzhen Shenbao Industrial Co. and Shenzhen Tellus Holding Co. both rose by the 10 percent daily limit.
China Vanke, the Shenzhen-based property giant, continued to be under the spotlight, as rival developer Evergrande increased its stake in Vanke to 6.82 percent. Vanke jumped another 10.02 percent Tuesday, while China Calxon Group, mostly owned by Evergrande, also increased by 10 percent.
