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China shares lower at close of trade; Shanghai Composite down 0.97%

Published 13/06/2018, 05:35 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.97%
FTXIN4101010
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Investing.com – China equities were lower at the close on Wednesday, as losses in the Software & Computer Services, Technology and Telecoms sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.97%, while the SZSE Component index declined 1.49%.

The biggest gainers of the session on the Shanghai Composite were Shenyang Jinbei Automotive Co Ltd (SS:600609), which rose 10.05% or 0.420 points to trade at 4.600 at the close. BanBao Co Ltd (SS:603398) added 10.02% or 1.580 points to end at 17.350 and Sichuan Tianyi Science & Technology Co Ltd (SS:600378) was up 10.01% or 0.960 points to 10.550 in late trade.

Biggest losers included Jilin Expressway Co Ltd (SS:601518), which lost 10.11% or 0.380 points to trade at 3.380 in late trade. Henan Rebecca Hair Products Co Ltd (SS:600439) declined 10.06% or 0.480 points to end at 4.290 and Jiangxi Lianchuang Opto-electronic Science & Technology Co Ltd (SS:600363) shed 10.01% or 1.100 points to 9.890.

The top performers on the SZSE Component were Yifan Xinfu Pharmaceutical Co Ltd (SZ:002019) which rose 4.50% to 18.10, China Aviation Optical-Electrical Technology Co Ltd (SZ:002179) which was up 2.79% to settle at 40.87 and Beijing Sevenstar Electronics Co Ltd (SZ:002371) which gained 2.39% to close at 44.97.

The worst performers were ZTE Corp (SZ:000063) which was down 10.00% to 28.18 in late trade, Hunan China Sun Pharma Machinery (SZ:300216) which lost 9.97% to settle at 6.77 and Goldleaf Jewelry Co Ltd (SZ:000587) which was down 9.97% to 5.51 at the close.

Declining stocks outnumbered rising ones by 1160 to 188 and 39 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 18.31 a new 3-month low.

In commodities trading, Gold Futures for August delivery was down 0.12% or 1.50 to $1297.90 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.59% or 0.39 to hit $65.97 a barrel, while the August Brent oil contract fell 0.50% or 0.38 to trade at $75.50 a barrel.

USD/CNY was up 0.02% to 6.4047, while EUR/CNY rose 0.06% to 7.5252.

The US Dollar Index Futures was up 0.06% at 93.89.

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