Chinese shares close higher Friday

BEIJING - Chinese stocks closed higher on Friday, with the benchmark Shanghai Composite Index up 1.63 percent, at 3,418.33 points.

The Shenzhen Component Index closed 2.6 percent higher at 13,769.68 points.

The combined turnover of stocks covered by the two indices stood at 747.96 billion yuan ($114.41 billion), down from 771.4 billion yuan on the previous trading day.

Shares related to electricity and garments saw strong performances, while those related to digital currency led the losses.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 3.37 percent to close at 2,745.4 points.