1st LD-Writethru: Chinese shares close lower Friday

BEIJING, July 17 (Xinhua) -- Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 3.05 percent to 3,764.15 points.

The Shenzhen Component Index closed 5.4 percent lower at 13,706.88 points.

The combined turnover of stocks covered by these two indices stood at 2.65 trillion yuan (about 390 billion U.S. dollars), up from 2.4 trillion yuan in the previous trading day.

Financial and power sectors were among the top gainers, while pharmaceutical shares led the declines.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 7.15 percent to close at 3,428.63 points.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 8.13 percent lower at 1,938.77 points. Enditem