Chinese shares close higher Tuesday

Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 1.28 percent to 4,010.03 points.

The Shenzhen Component Index closed 3.02 percent higher at 15,268.71 points.

The combined turnover of stocks covered by these two indices reached 2.64 trillion yuan (about 387.4 billion U.S. dollars), down from 2.79 trillion yuan on the previous trading day.

Shares in the semiconductor and storage chips sectors led the gains, while coal industry and retail sales sector stocks suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 3.93 percent to close at 3,961.75 points on Tuesday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 3.82 percent higher at 2,029.96 points.

Chinese shares close higher Tuesday

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 3.82 percent higher at 2,029.96 points on Tuesday.

The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 4.17 percent higher at 1,663.11 points.

The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.

China's STAR Composite Index closes higher Tuesday