Chinese stocks closed higher on Monday, with liquor makers, lenders, and Foxconn-related firms leading the increase.

The benchmark Shanghai Composite Index edged up 0.34 percent to end at 3,174.03 points. The Shenzhen Component Index closed 0.35 percent higher at 10,671.46 points.

Combined turnover on the two bourses shrank to 407.14 billion yuan (about 64.3 U.S. dollars), from 414.1 billion yuan the previous trading day.

Losers outnumbered gainers by 832 to 459 on the Shanghai bourse and by 1,340 to 562 in Shenzhen.

Shares of liquor makers and banks led the gains. Kweichow Moutai, the leading liquor brand in China, rose 3.4 percent to 742.4 yuan. China Merchants Bank climbed 2.5 percent to 30.82 yuan.

Stocks related to Foxconn surged after the tech giant published its prospectus, revealing its plan to issue 1.97 billion shares in the initial public offering (IPO) in the A-share market.

In the prospectus filed to the Shanghai Stock Exchange Monday, the company, a subsidiary of the Taiwanese manufacturer Hon Hai Precision Industry Co. Ltd., said it would raise capital to fund eight new projects, including 5G, the Internet of Things, and artificial intelligence.

Henan Ancai High-tech Co. and Shenzhen Cotran New Material Co., Ltd. both surged by the daily 10-percent limit to 8.88 yuan and 34.55 yuan, respectively.