Chinese shares close lower Tuesday as startups tumble

Chinese shares closed lower on Tuesday, with the benchmark Shanghai Composite Index down 1.82 percent to finish at 2,296.55 points, owing to the plunge of growth enterprises.

The smaller Shenzhen Component Index lost 191.57 points, or 2.36 percent, to close at 7,921.07 points.

The ChiNext Composite Index, tracking China's Nasdaq-style board of growth enterprises in mainly nascent industries listed in Shenzhen, plunged 3.47 percent to close at 1,473.13 points.