Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 43 pips to 7.1876 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.

Chinese mainland shares close lower

Chinese mainland stocks closed lower on Tuesday, with the benchmark Shanghai Composite Index down 0.18 percent to 3340.69 points. The Shenzhen Component Index closed 0.61 percent lower at 10029.11 points. The ChiNext Index lost 0.68 percent to close at 1991.64 points.

Xinhua - China Daily