China stocks' mixed fortunes on Friday

BEIJING, Sept. 21 (Xinhua) -- Chinese stocks closed with mixed fortunes on Friday as investors remained cautious over the growth outlook of the world's second-largest economy.

The benchmark Shanghai Composite Index edged up 0.09 percent, or 1.85 points, to finish at 2,026.69.

The Shenzhen Component Index closed at 8,201.53, down 0.01 percent, or 0.68 points.

Combined turnover contracted to 96.32 billion yuan (15.29 billion U.S. dollars) from 110.3 billion yuan yesterday.

Losers outnumbered gainers by 526 to 372 in Shanghai, and by 1,054 to 395 in Shenzhen.

Gold-related shares led the gains. Zhongjin Gold Corporation Limited rose 4.7 percent to end Friday at 18.25 yuan per share.

Shares in rare earth producers were also strong, with Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., the country's largest rare earth metal producer, moving up 1.52 percent to close at 32.68 yuan per share.

Shares related with military equipment and aerospace fell as China on Thursday urged Japan to return to the track of dialogue and negotiation to solve issues relating to the Diaoyu Islands.

Aerospace Communications Holding Co., Ltd slumped 8.58 percent to end the day at 7.99 yuan per share.

News we recommend: Banks need to transform to boost margins Consumer finance set to boom in China Ailing steel industry cheered by construction projects Chinese firms ramp up presence in Thailand Chinese go online to buy latest iPhone Chinese winemakers demand anti-dumping Energy conservation: A new investment opportunity  Summer Davos cultural dinner party held in Tianjin Steel producers face bleak months ahead