Investing.com – China equities were lower at the close on Wednesday, as losses in the Life Insurance, Electricity and Banking sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite declined 1.15% to hit a new 3-year low, while the SZSE Component index fell 1.25%.
The biggest gainers of the session on the Shanghai Composite were Beijing Airport High-Tech Park Co Ltd (SS:600463), which rose 10.06% or 0.720 points to trade at 7.880 at the close. Eastern Communications Co Ltd A (SS:600776) added 10.03% or 1.150 points to end at 12.620 and Start Group (SS:600734) was up 10.03% or 0.630 points to 6.910 in late trade.
Biggest losers included Kangmei Pharmaceutical Co Ltd (SS:600518), which lost 9.99% or 0.920 points to trade at 8.290 in late trade. Hubei Jumpcan Pharmaceutical Co Ltd (SS:600566) declined 9.99% or 3.350 points to end at 30.180 and Zijin Mining Group Co Ltd Class A (SS:601899) shed 9.88% or 0.330 points to 3.010.
The top performers on the SZSE Component were Zhongfu Straits Pingtan Development Co Ltd (SZ:000592) which rose 10.11% to 2.94, Guangzhou Haige Communications Group Incorporated Co (SZ:002465) which was up 5.51% to settle at 8.23 and Wangsu Science Tech (SZ:300017) which gained 4.98% to close at 8.22.
The worst performers were Zhongtian Urban Development Group Co Ltd (SZ:000540) which was down 10.06% to 4.38 in late trade, Zhejiang Huace Film TV Co (SZ:300133) which lost 10.04% to settle at 8.06 and Huadong Medicine Co Ltd (SZ:000963) which was down 10.02% to 23.81 at the close.
Declining stocks outnumbered rising ones by 808 to 583 and 88 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 26.49.
In commodities trading, Gold Futures for February delivery was up 0.43% or 5.55 to $1286.85 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.92% or 0.88 to hit $44.92 a barrel, while the March Brent oil contract fell 1.64% or 0.89 to trade at $53.23 a barrel.
USD/CNY was down 0.27% to 6.8574, while EUR/CNY fell 0.12% to 7.8724.
The US Dollar Index Futures was down 0.21% at 95.493.