Chinese shares close higher Tuesday

Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.96 percent to 3,617.6 points.

The Shenzhen Component Index closed 0.59 percent higher at 11,106.96 points.

The combined turnover of these two indices stood at about 1.6 trillion yuan (roughly 224.2 billion U.S. dollars) -- up from 1.5 trillion yuan on the previous trading day.

Sectors such as shipbuilding and textiles led the gains, while stocks related to bio-medicines and aircraft manufacturing suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.39 percent to close at 2,343.38 points on Tuesday.

The multilateral system is "under attack" amid global turmoil, President of the 80th UN General Assembly Annalena Baerbock warned in her remarks on Wednesday.

In her briefing on the priorities for the resumed 80th Session of the General Assembly, the UNGA president noted that the current multilateral system does not collapse all in a sudden, but "crumbles piece by piece" in divisions, compromises, and lack of political commitment.

The president called all the UN member states to defend the UN Charter and international law and promote cross-regional cooperation.

She also urged to push forward the work of the UNGA on certain critical issues with a strong majority, rather than an absolute consensus among all member states. Such act is not a failure of multilateralism, but "an affirmation of it," she said.

The foundational principles of the institution should not be eroded by appeasement, she said, calling the member states to show courage, leadership, and responsibility at the UN's "critical make-or-break moment."

"The UN needs you. Your support, your leadership, your principle, stand, your cross-regional cooperation, if we are to preserve and modernize this institution, if we are to make it, rather than break it," she said.