Global precious metals prices have continued to slide sharply since last Friday, dragging down equity markets worldwide, with China's Shanghai Composite, Shenzhen Component, and ChiNext indices all falling on Monday, reported Timothy Pope, a market analyst for China Global Television Network (CGTN).
The benchmark Shanghai Composite Index down 2.48 percent to 4,015.75 points.
The Shenzhen Component Index closed 2.69 percent lower at 13,824.35 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, dropped 2.46 percent to close at 3,264.11 points.
"The precious metals prices around the world have been melting since Friday, and taking equities with them. Today, the Shanghai Composite Index was down 2.5 percent. That follows Friday's falls. But, the losses today were actually a bit more broad based, because the Shenzhen Component shed 2.7 percent and the ChiNext board changed direction too. It had still been gaining on Friday, but today it also fell 2.5 percent," he said.
"Looking at gold to start with, the Shanghai Gold Equities Index was down by 9 percent today, compounding Friday's 9 percent slump. And, nearly all listed gold miners were down by their daily limits -- I think 10 percent across the board. Spot gold and silver, as you said, down very heavily again today," the analyst said.
Chinese stocks close lower as precious metals tumble: analyst
More than 20 films will hit Chinese screens during the three-day Qingming Festival holiday from Saturday to Monday, spanning genres from revolutionary historical dramas, realism movies to suspense thrillers, according to the China Film Administration on Thursday.
Revolutionary historical films such as Blood-Spattered Cliff, Eight Sons, Eight Soldiers, and Half Of The Quilt, will pay tribute to martyrs through the lens.
Three films -- It's OK, Now I Met Her, and Sunshine Women's Choir -- tell moving stories of love, growth, and reconciliation.
It's OK is a contemporary family comedy that follows a mother and daughter navigating their joyful yet turbulent relationship. Now I Met Her tells a rebellious teenager who gets to know his late mother through her old diary. Sunshine Women's Choir, a film from the Taiwan region of China, portrays the "perfect" maternal love of "imperfect mothers."
The suspense film Game of Identity tells the story of two people from different backgrounds who accidentally swap lives, setting off an unexpected adventure. The documentary films Seeking Nature: The Code of Life, and Missions to the Moon (Part One) explore the connection between humanity and science.
Imported films from different countries, including The Super Mario Bros. Movie 2, Project Hail Mary, and Hoppers, will deliver spectacular cinematic experiences to audiences.
The Qingming Festival, or Tomb-Sweeping Day, falls on April 5 this year. It is a traditional Chinese festival for honoring the deceased and paying tribute to ancestors. The holiday also provides a short break for Chinese citizens as they engage in outdoor activities and sightseeing.
Over 20 films expected to hit Chinese screens during Qingming Festival Holiday
