BEIJING, Aug. 20 (Xinhua) — Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 1.04 percent to 3,766.21 points after hitting an intra-day high of 3,767.43, the highest level in nearly a decade.
The Shenzhen Component Index closed 0.89 percent higher at 11,926.74 points.
The combined turnover of these two indices stood at about 2.4 trillion yuan (about 336 billion U.S. dollars), down from 2.59 trillion yuan the previous trading day.
Stocks related to liquid metal and semiconductor led the gains, while stocks related to innovative drugs and movie theaters suffered major losses.
The ChiNext Index, tracking China’s Nasdaq-style board of growth enterprises, increased 0.23 percent to close at 2,607.65 points.
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