Stock markets see mixed performance

Stock markets in the Chinese mainland showed mixed performance amid a subdued trading volume on Tuesday.

The benchmark Shanghai Composite Index inched up by 1.61 points or 0.08 percent to 2,047.32 points on Tuesday, rising for the first time since trading resumed this year. The Shenzhen Component Index declined by 12.15 points or 0.16 percent to 7,806.31 points, falling for a fourth consecutive day.

Combined turnover on the two bourses on Tuesday was 140.88 billion yuan ($23.28 billion), down from the previous trading day's 179.96 billion yuan. Two IPOs are expected to be launched later this week, causing some investors to take a wait-and-see stance.

The State Council said in a statement on Monday that it has decided to temporarily adjust measures within the China (Shanghai) Pilot Free Trade Zone (FTZ) in an effort to reform management of the country's foreign investment and open the services sector wider to overseas investors, according to Xinhua News Agency.

Shares linked to the Shanghai FTZ climbed on Tuesday. Shanghai International Port Group Co gained by 7.93 percent to 5.17 yuan.

The China Banking Regulatory Commission said on Monday the country will set up three to five fully private banks on a trial basis in 2014, prompting a sharp rise in related stocks. Sunny Loan Top Co was up by 5.34 percent to 9.27 yuan.

On Tuesday, stocks related to wearable electronics and technology outperformed after analysts said the Chinese version of Google Glass would be coming soon. Shandong Gettop Acoustic Co, a developer of electronic components, rose by the daily limit of 10 percent to 11.24 yuan on Tuesday.

Shares related to smart power grid technology gained after the State Grid Corporation of China unveiled a plan Monday to invest 40 billion yuan to improve its automated distribution network. Automation equipment maker Integrated Electronic Systems Lab rose by 9.92 percent to 10.19 yuan.

ChiNext, China's NASDAQ-style board for high-tech and fast-growing start-ups listed in Shenzhen, gained on Tuesday, rising by 28.95 points or 2.19 percent to 1,352.28 points.