Chinese shares close lower Monday

Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 0.55 percent to 3,867.92 points.

The Shenzhen Component Index closed 1.1 percent lower at 13,112.09 points.

The combined turnover of these two indices stood at 1.77 trillion yuan (about 250.51 billion U.S. dollars), down from 2.09 trillion yuan on the previous trading day.

Shares related to glass, food, and chemical fibers led the gains, while ceramics and textile machinery sectors suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.77 percent to close at 3,137.8 points Monday.

Chinese shares close lower Monday

China on Tuesday sent the Yaogan-50 01 remote sensing satellite into space.

Launched at 22:16 (Beijing Time) aboard a modified version of the Long March-6 rocket, the satellite has entered planned orbit, according to the Taiyuan Satellite Launch Center.

It will be used for national land surveys, crop yield estimation, and disaster prevention and mitigation.

The launch was the 624th flight mission undertaken by the Long March rocket series and marked China's first successful orbital launch of 2026.

China opens 2026 space mission schedule with successful satellite launch