Chinese Stock Markets Close Lower; Insurers, Oilfield Services Firms Gain(Yicai Global) Nov. 25 -- Chinese mainland stocks closed lower after benchmark indexes fell throughout the day. Companies in almost all sectors declined, except for insurers and oilfield services companies.
The Shanghai Composite Index ended 1.2 percent down at 3,362.33, while the Shenzhen Component Index was 1.8 percent off at 13,656.09. The ChiNext Price Index, which tracks growth enterprises in Shenzhen, slumped 2.2 percent to 2,615.53.
Stocks of insurance companies rose despite paring overall gains to 2.5 percent from 4 percent. Oilfield services firms also gained, rising 0.9 percent on a surge in crude oil prices.
Editor: Peter Thomas
