(Yicai Global) March 11 -- Investors cashed in their chips in the afternoon following Chinese stock markets' buoyant opening after yesterday's rise in the US, thus undermining the day's earlier gains and drawing the overall market down as the curtain fell.

The Shanghai Composite Index closed at 2968.52, down 0.94 percent, while the Shenzhen Component Index fell 1.78 percent to 11,200.05. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, dropped 2.2 percent to 2,101.46.

Editor: Ben Armour