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China shares lower at close of trade; Shanghai Composite down 3.82%

Published 19/06/2018, 05:35 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 3.82%
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Investing.com – China equities were lower at the close on Tuesday, as losses in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 3.82% to hit a new 52-week low, while the SZSE Component index fell 5.31%.

The biggest gainers of the session on the Shanghai Composite were Zhongnongfa Seed Industry Group Co Ltd (SS:600313), which rose 10.10% or 0.290 points to trade at 3.160 at the close. Beijing Sanyuan Foods Co Ltd (SS:600429) added 9.20% or 0.560 points to end at 6.650 and Zhengzhou Coal Industry & Electric Power Co Ltd (SS:600121) was up 6.77% or 0.270 points to 4.260 in late trade.

Biggest losers included Beiqi Foton Motor Co Ltd (SS:600166), which lost 10.14% or 0.210 points to trade at 1.860 in late trade. Hongda (SS:600331) declined 10.14% or 0.290 points to end at 2.570 and Jiangsu SINOJIT Wind Energy Technology Co Ltd (SS:601218) shed 10.11% or 0.280 points to 2.490.

The top performers on the SZSE Component were Nationz Technologies Inc (SZ:300077) which rose 3.35% to 10.48, Hunan Dakang Pasture Farming Co Ltd (SZ:002505) which was up 2.73% to settle at 2.26 and Cofco Biochemical Anhui Co Ltd (SZ:000930) which gained 1.70% to close at 11.38.

The worst performers were Cangzhou Mingzhu Plastic Co Ltd (SZ:002108) which was down 10.08% to 4.46 in late trade, Ourpalm (SZ:300315) which lost 10.07% to settle at 3.93 and Shenzhen Yan Tian Port Holdings Co Ltd (SZ:000088) which was down 10.06% to 6.44 at the close.

Declining stocks outnumbered rising ones by 1319 to 62 and 8 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 18.62.

In commodities trading, Gold Futures for August delivery was up 0.30% or 3.90 to $1284.00 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.76% or 0.50 to hit $65.19 a barrel, while the August Brent oil contract fell 0.86% or 0.65 to trade at $74.69 a barrel.

USD/CNY was up 0.47% to 6.4693, while EUR/CNY rose 0.17% to 7.4973.

The US Dollar Index Futures was up 0.15% at 94.55.

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