BEIJING - Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 0.29 percent to 3,022.91 points.

The Shenzhen Component Index closed 0.62 percent lower at 9,660.44 points.

The combined turnover of stocks covered by the two indices totaled 851.2 billion yuan ($119.9 billion), up from 773.5 billion yuan on the previous trading day.

Shares related to gold and cross-border e-commerce led the gains, while the transgenic and biological products sectors suffered heavy losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.9 percent to close at 1,908.92 points.