Chinese mainland shares close higher

Chinese stocks closed higher on Tuesday, with the benchmark Shanghai Composite Index rising 0.71 percent to 3,229.64 points. The Shenzhen Component Index closed 1.14 percent higher at 9,998.76 points. The combined turnover covered by these two indexes stood at 1.09 trillion yuan ($151.64 billion), up from 1.06 trillion yuan on the previous trading day.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 3 pips to 7.1879 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