Shanghai Composite down 1.65% at 2,915 points (Il Sole 24 Ore Radiocor) - Shanghai , 23 Jul - Chinese shares closed broadly lower, extending recent losses amid mixed Asian markets.

Mainland stocks underperformed their regional peers as speculation over a Trump presidency continued to weigh on investor sentiment.

In his first presidential term from 2017 to 2021, Trump maintained a largely hardline stance against China, slapping steep tariffs on the country and fuelling a prolonged trade war between the world's two major economies. Investors now digested news that US president Joe Biden had dropped out of the presidential race and endorsed vice president Kamala Harris as the Democratic nominee.

Trade tensions with the US and dismal results from the Third Plenum also continued to dampen sentiment.

Investors were disappointed by the lack of details on implementation steps to achieve economic policy goals at the end of the closely monitored policy meeting, a major gathering of the top members of the ruling Communist Party of China usually held every five years.

A surprise rate cut by China's central bank yesterday failed to lift sentiment.

In mainland stock market dealings liquor, consumer-related and healthcare shares led the way south.

The Shanghai Composite closed down 1.65% at 2,915 points, while the Shenzhen CSI 300 fell 2.14% to 3,439 points.

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(RADIOCOR) 23-07-24 11:22:05 (0255) 5 NNNN