BEIJING – Chinese shares end slightly lower Wednesday amid the release of November economic data, which pointed to resilience of the world's second largest economy despite downward pressures.
The benchmark Shanghai Composite Index went down 0.38 percent to close at 3,647.63 points while the Shenzhen Component Index closed 0.73 percent lower at 15,026.21 points.
The combined turnover of stocks covered by the two indices stood at 1.14 trillion yuan ($179 billion), unchanged from the previous trading day.
China on Wednesday released a string of economic data for November, which pointed to continued recovery momentum, with major indicators staying within a reasonable range.
"Despite multiple pressures, the fundamentals of China's long-term economic development stood unchanged," said Fu Linghui, spokesperson with the National Bureau of Statistics.
Wednesday also saw the implementation of a reserve requirement ratio cut for financial institutions previously announced by the country's central bank. The reduction is expected to unleash a total of 1.2 trillion yuan in long-term funds into the economy.
The injection will help ease the liquidity strain at the end of the year and foster stable operation of the stock market, said Pan Helin, an expert in economics at Zhongnan University of Economics and Law.
The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, lost 0.87 percent to close at 3,464.76 points.