Stock markets in the Chinese mainland saw mixed results on Tuesday amid gains for home appliance makers and Shanghai-based companies.
The benchmark Shanghai Composite Index inched down 0.71 points or 0.03 percent to close at 2,237.49 points on Tuesday. The Shenzhen Component Index rose by 34.50 points or 0.40 percent to 8,554.17 points.
Combined turnover on the two bourses on Tuesday was 198.8 billion yuan ($32.74 billion), up from Monday's 188.9 billion yuan.
Shares in home appliance makers performed strongly on Tuesday. Chinese home electronics giant Qingdao Haier Co soared by the daily limit of 10 percent to 19.91 yuan.
The Qingdao-based company announced on Monday that its Haier Electronics Group unit will set up a joint venture with e-commerce company Alibaba Group.
Other stocks in the home appliance sector also rose. Joyoung Co, which is known for its soymilk makers and small kitchen appliances, jumped by 10 percent to 8.61 yuan and Suning Commerce Group Co rose by 4.55 percent to 10.10 yuan.
Stocks linked with Shanghai also outperformed Tuesday on expectations that local governments are speeding up reforms for State-owned companies. The Shanghai Securities News reported Tuesday that the city will unveil detailed reform plans next week.
Sewing machine maker SGSB Group Co, electronic technology firm INESA Electron Co, and Shanghai Highly (Group) Co, all based in Shanghai, all rose by the daily limit of 10 percent on Tuesday.
Meanwhile, stocks that have performed strongly recently - in areas related to 4G technology, national defense and high-yield dividends - fell back on Tuesday.
ChiNext, China's NASDAQ-style board for high-tech and fast-growing start-ups listed in Shenzhen, fell by 9.79 points or 0.79 percent on Tuesday.
