Beijing: Chinese stocks closed lower on Wednesday, with the benchmark Shanghai Composite Index down 0.03 percent to 3,503.78 points. The Shenzhen Component Index also reflected a decline, closing 0.22 percent lower at 10,720.81 points, marking a day of minor losses for the market.

According to Namibia Press Agency, the combined turnover of the Shanghai Composite and Shenzhen Component indices stood at 1.44 trillion yuan, approximately 201.33 billion U.S. dollars. This figure represents a decrease from the 1.61 trillion yuan turnover recorded on the previous trading day, indicating a reduced level of trading activity.

Stocks in the innovative drugs and humanoid robots sectors led gains, showcasing resilience in these areas despite the overall market downturn. In contrast, the insurance, steel, and rare earth permanent magnet sectors experienced the most significant losses, contributing to the downward trend observed in the indices.

Additionally, the ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, also saw a decline of 0.22 percent, closing at 2,230.19 points on Wednesday. This reflects the broader challenges faced by growth enterprises in the current market environment.