Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 0.28 percent to 3,258.03 points. The Shenzhen Component Index closed 0.73 percent lower at 11,701.95 points. The combined turnover of stocks covered by the two indices stood at 753.6 billion yuan (about 108.32 billion U.S. dollars), up from 725.8 billion yuan on the previous trading day. Shares related to hotel and tourism industry led the market gains, while those related to medical equipment and steel were among the largest losers. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.79 percent to close at 2,409.79 points Monday.
1st Ld-writethru: Chinese Shares Close Lower On Monday
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