Chinese shares close lower on Monday

Chinese equities closed lower on Monday as the benchmark Shanghai Composite Index went down 1.02 percent, or 33.38 points, to close at 3,243.76 points.
The Shenzhen Component Index lost 1.21 percent, or 166.43 points, to close at 13,533.54 points.
Combined turnover shrunk to 147.97 billion yuan (21.7 billion U.S. dollars), from 220.86 billion yuan on the previous trading day.