Mixed results for China's stock markets

China’s stock markets continued to show mixed results on Tuesday.

Buoyed by the news that the area of China (Shanghai) Pilot Free Trade Zone will be extended, the benchmark Shanghai Composite Index narrowed its losses from the previous day’s 0.41 to 0.23 percent, to finish at 2,659.36.

Locally-listed enterprises posted strong gains and shares in Shanghai Material Trading Co Ltd, which is engaged in the wholesale and retail of automotive and chemical products, surged by 5.54 percent to close at 10.66 yuan.

The smaller Shenzhen Component Index declined by 0.61 percent to end at 7,791.25 points, while the Nasdaq-style ChiNext enterprise board finished the day up by 0.02 percent although it shed over 1.5 percent during morning trade.

During the afternoon session, unicorn firms presented broadly-based big rallies. Shenzhen Mindray Bio-Medical Electronics Co Ltd, a leading global provider of medical devices and solutions, saw its shares jump by the daily maximum of 10 percent to close at 112.66 yuan per share.

Kaiyuan Securities said it believes more favorable policies will be rolled out in the future, which will attract funds from various sources. But the broker also warned that there might be some fluctuations in the A-share market.