(Yicai Global) May 14 -- Buoyant digital currency shares slightly improved market sentiment, but Chinese stock markets closed lower this morning nonetheless, dragged down by US bourses yesterday after bearish comments by US Federal Reserve Chairman Jerome Powell on the fallout from Covid-19.

The Shanghai Composite Index closed 0.47 percent lower at 2,884.41, while the Shenzhen Component Index dropped 0.26 percent to 11,045.73. The ChiNext Price Index, which that tracks growth enterprises listed in Shenzhen, fell 0.19 percent to 2,136.7.

Virtual currency stocks cut against the grain, climbing 2.46 percent in the forenoon session.

Editor: Ben Armour