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Chinese shares close higher Tuesday
Date:2020-07-29  Source:Xinhua

BEIJING, July 28 (Xinhua) -- Chinese shares continued to climb Tuesday, with food-processing companies and liquor makers leading the gain.

The benchmark Shanghai Composite Index closed 0.71 percent higher at 3,227.96 points while the Shenzhen Component Index closed 1.31 percent higher at 13,147.35 points.

The combined turnover of stocks covered by the two indices shrank to nearly 898 billion yuan (about 128.5 billion U.S. dollars) from 927.2 billion yuan the previous trading day.

Food producers, as well as liquor makers, were among the biggest gainers, with shares of Kweichow Moutai Co., Ltd., China's top liquor brand, surging 2.92 percent, bringing the company's market capitalization to nearly 2.1 trillion yuan.

Vaccine makers and gold miners suffered losses as investors earned profits after days of gains fueled by COVID-19-induced demand and rising gold prices.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 1.32 percent to close at 2,666.52 points. Enditem

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