Chinese shares close lower Monday

BEIJING - Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 2.61 percent to 3,223.53 points.

The Shenzhen Component Index closed 3.08 percent lower at 12,063.63 points.

The combined turnover of stocks covered by the two indices came in at 969.82 billion yuan ($152.71 billion), down from 1.05 trillion yuan on the previous trading day.

Stocks related to electronic ID cards and COVID-19 testing led the gains, while those in sectors such as airport transport and beverage-making posted the biggest declines.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, lost 3.56 percent to close at 2,570.45 points Monday.