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China shares lower at close of trade; Shanghai Composite down 1.49%

Published 15/10/2018, 06:35 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.49%
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Investing.com – China equities were lower at the close on Monday, as losses in the Retailers, Real Estate Investments & Services and Media sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.49% to hit a new 3-year low, while the SZSE Component index lost 1.51%.

The biggest gainers of the session on the Shanghai Composite were Yunnan Metropolitan Real Estate Development Co Ltd (SS:600239), which rose 10.16% or 0.260 points to trade at 2.820 at the close. YanTai Yuancheng Gold Co Ltd (SS:600766) added 10.09% or 0.540 points to end at 5.890 and Antong Holdings Co Ltd (SS:600179) was up 10.08% or 0.640 points to 6.990 in late trade.

Biggest losers included Pengqi Technology Development Co Ltd B (SS:900907), which lost 10.07% or 0.045 points to trade at 0.402 in late trade. Zhejiang XinAn Chemical Industrial Group Co Ltd (SS:600596) declined 10.03% or 1.470 points to end at 13.190 and Hubei Kaile Science and Technology Co Ltd (SS:600260) shed 10.02% or 1.620 points to 14.550.

The top performers on the SZSE Component were Beijing Lanxum Tech Co (SZ:300010) which rose 9.99% to 7.71, Shandong Qixing Iron Tower Co Ltd (SZ:002359) which was up 9.99% to settle at 8.48 and Shenzhen Deren Electronic Co Ltd (SZ:002055) which gained 9.98% to close at 9.92.

The worst performers were Sichuan Chemical Co Ltd (SZ:000155) which was down 10.05% to 3.58 in late trade, Beijing SPC Environment Protection Tech Co Ltd (SZ:002573) which lost 10.02% to settle at 8.35 and Inspur Electronic Info Industr (SZ:000977) which was down 10.01% to 18.430 at the close.

Declining stocks outnumbered rising ones by 1193 to 226 and 43 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.03% to 28.51.

In commodities trading, Gold Futures for December delivery was up 0.83% or 10.10 to $1232.10 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.42% or 0.30 to hit $71.64 a barrel, while the December Brent oil contract rose 0.67% or 0.54 to trade at $80.97 a barrel.

USD/CNY was up 0.07% to 6.9268, while EUR/CNY rose 0.14% to 8.0138.

The US Dollar Index Futures was down 0.06% at 94.88.

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