Chinese mainland shares close higher

Chinese mainland stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.41 percent to 3379.83 points. The Shenzhen Component Index closed 0.33 percent higher at 10861.16 points. The combined turnover of these two indexes stood at about 1.48 trillion yuan ($206.3 billion), down from 1.51 trillion yuan the previous trading day.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 7.1741 against the US dollar on Tuesday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

Xinhua - China Daily