BEIJING -- Chinese stocks closed lower on Monday, with the benchmark Shanghai Composite Index down 1.7 percent to 3,959.34 points.

The Shenzhen Component Index closed 3.22 percent lower at 14,821.19 points.

The combined turnover of stocks covered by these two indices reached 2.79 trillion yuan (about $409.54 billion), down from 3.07 trillion yuan on the previous trading day.

Computing hardware, semiconductor chips, and non-ferrous metals stocks suffered major losses, while engineering machinery, oil and gas, and banking sectors notched gains.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 3.69 percent to close at 3,811.79 points on Monday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 3.46 percent lower at 1,955.28 points.