Briefly

Chinese mainland shares close mixed

Chinese mainland shares closed mixed on Tuesday, with the benchmark Shanghai Composite Index down 0.29 percent to 2,802.98 points. The Shenzhen Component Index closed 1.17 percent higher at 8,268.05 points. Combined share turnover covered by the two indices stood at 580.6 billion yuan ($81.52 billion), down from 705.73 billion yuan recorded on the previous trading day. Banking and insurance-related shares as well as the oil and gas exploitation sectors suffered major losses. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.26 percent to close at 1,556.32 points on Tuesday.

BYD leads Israel's electric car sales

Chinese auto giant BYD sold the highest number of electric cars in Israel from January to August, totaling 12,890 units, according to figures released by the Israel Vehicle Importers Association. BYD's top sellers in Israel during the period were the Atto 3 crossover, Dolphin hatchback, and Seal fastback sedan. Meanwhile, BYD ranked fifth in overall vehicle sales in Israel, which includes both gasoline and electric cars. In the first eight months of the year, Chinese brands accounted for 68.3 percent of Israel's electric car sales, totaling 33,753 units.

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 85 pips to 7.1112 against the US dollar on Tuesday, said 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. The central parity rate of the yuan against the greenback is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua - China Daily