Shanghai Composite down 0.28% at 3,028 points (Il Sole 24 Ore Radiocor) - Shanghai , 13 Jun - Chinese stocks closed moderately lower, underperforming their Asian peers.

US-China trade tensions continued to weigh on investor sentiment amid reports of more US trade scrutiny against Beijing. According to recent reports, Washington was considering wider trade sanctions on semiconductor exports to Russia and could potentially target Chinese and Hong Kong chip resellers.

Concerns over China's sluggish economic growth also continued to keep sentiment in check amid a slew of mixed data.

Fresh figures showed yesterday that while producer price index inflation shrank at its slowest pace in 15 months in May, consumer price index inflation grew less than expected amid sluggish consumption.

Last week mixed trade data from the country showed that exports rose more than expected in May on strong industrial production and improving overseas demand, but imports grew at a slower-than-expected pace amid weak local demand and consumer spending.

The Shanghai Composite closed down 0.28% at 3,028 points.

while the Shenzhen CSI 300 closed down 0.51% at 3,526 points.

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(RADIOCOR) 13-06-24 11:17:57 (0242) 5 NNNN