Chinese shares close mixed Friday

Chinese stocks closed mixed on Friday, with the benchmark Shanghai Composite Index up 0.24 percent to 3,716.28 points.

The Shenzhen Component Index closed 0.12 percent lower at 11,802.46 points.

Turnover of stocks covered by these two indices totaled about 1.56 trillion yuan (around 232.07 billion U.S. dollars), down from 1.63 trillion yuan on the previous trading day.

Stocks related to low-altitude economy, defense, real estate and new energy vehicle led the gains, while those in sectors such as gaming, and film and television saw the biggest declines.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.39 percent to close at 2,772.38 points.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.18 percent lower at 1,584.04 points.

Chinese shares close mixed Friday

Iron ore futures finished higher Friday in daytime trading on the Dalian Commodity Exchange (DCE).

The most active iron ore contract for January 2027 delivery rose 0.07 percent to close at 672.50 yuan (about 100.54 U.S. dollars) per tonne.

Iron ore futures were launched on the Dalian Commodity Exchange in October 2013 and have since become the world's most actively traded iron ore derivatives contract.

As the world's largest importer of iron ore, China opened the contract to international investors in May 2018, further enhancing its role as a key price benchmark for the global seaborne iron ore market.

China's iron ore futures finish higher Friday