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China shares lower at close of trade; Shanghai Composite down 0.68%

Published 07-11-2018, 01:05 pm
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.68%
FTXIN4404010
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600122
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600462
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Investing.com – China equities were lower at the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Life Insurance and Retailers sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.68%, while the SZSE Component index fell 0.50%.

The biggest gainers of the session on the Shanghai Composite were Shanghai Shibei Hi-Tech Co Ltd A (SS:600604), which rose 10.09% or 0.43 points to trade at 4.69 at the close. Shenzhen Geoway Co Ltd (SS:600462) added 10.09% or 0.340 points to end at 3.710 and Zhejiang Golden Eagle Co Ltd (SS:600232) was up 10.08% or 0.480 points to 5.240 in late trade.

Biggest losers included Jiangsu Hongtu High Technology Co Ltd (SS:600122), which lost 10.02% or 0.540 points to trade at 4.850 in late trade. Eastern Gold Jade Co Ltd (SS:600086) declined 9.96% or 0.730 points to end at 6.600 and Jiangsu Zongyi Co Ltd (SS:600770) shed 7.17% or 0.390 points to 5.050.

The top performers on the SZSE Component were Guangdong Eastone Century Technology Co Ltd (SZ:300310) which rose 10.10% to 4.47, Nanjing Hanrui Cobalt Co Ltd (SZ:300618) which was up 10.00% to settle at 87.43 and Talkweb Information System Co Ltd (SZ:002261) which gained 9.97% to close at 4.300.

The worst performers were Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 10.02% to 8.71 in late trade, Beijing Shouhang Resources Saving Co Ltd (SZ:002665) which lost 10.00% to settle at 4.23 and Wanda Cinema Line Corp (SZ:002739) which was down 10.00% to 25.19 at the close.

Declining stocks outnumbered rising ones by 989 to 423 and 59 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.78% to 29.72.

In commodities trading, Gold Futures for December delivery was up 0.74% or 9.10 to $1232.90 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.61% or 0.38 to hit $61.83 a barrel, while the January Brent oil contract fell 0.42% or 0.30 to trade at $71.83 a barrel.

USD/CNY was up 0.13% to 6.9287, while EUR/CNY rose 0.45% to 7.9437.

The US Dollar Index Futures was down 0.37% at 95.76.

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