China shares lower at close of trade; Shanghai Composite down 0.85%

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China shares lower at close of trade; Shanghai Composite down 0.85% – China equities were lower at the close on Wednesday, as losses in the Oil Equipment Services & Distribution , Life Insurance and Banking sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.85%, while the SZSE Component index declined 0.69%.

The biggest gainers of the session on the Shanghai Composite were Zhongmin Energy Co Ltd (SS: 600163 ), which rose 10.09% or 0.340 points to trade at 3.710 at the close. Harbin Hatou Investment Co Ltd (SS: 600864 ) added 10.08% or 0.51 points to end at 5.57 and Jiangsu Wuzhong Industrial Co Ltd (SS: 600200 ) was up 10.08% or 0.640 points to 6.990 in late trade.

Biggest losers included Shenzhen Geoway Co Ltd (SS: 600462 ), which lost 8.20% or 0.360 points to trade at 4.030 in late trade. Jiangquan Ind (SS: 600212 ) declined 7.10% or 0.350 points to end at 4.580 and Shanghai Greencourt Investment Group Co Ltd A (SS: 600695 ) shed 6.93% or 0.44 points to 5.91.

The top performers on the SZSE Component were Shenzhen Agricultural Products Co Ltd (SZ: 000061 ) which rose 9.98% to 4.96, Shijiazhuang Changshan Textile Co Ltd (SZ: 000158 ) which was up 9.96% to settle at 5.74 and Shenzhen Kangtai Biological Products Co Ltd (SZ: 300601 ) which gained 9.04% to close at 40.28.

The worst performers were Zibo Qixiang Tengda Chemical Co Ltd (SZ: 002408 ) which was down 10.02% to 11.05 in late trade, Yantai Jereh Oilfield Services Group Co Ltd (SZ: 002353 ) which lost 9.98% to settle at 18.85 and Maanshan Fangyuan Slewing Ring Co Ltd (SZ: 002147 ) which was down 7.44% to 6.47 at the close.

Declining stocks outnumbered rising ones by 833 to 569 and 71 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 30.79.

In commodities trading, Gold Futures for December delivery was up 0.34% or 4.10 to $1203.30 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.40% or 0.22 to hit $55.47 a barrel, while the January Brent oil contract fell 0.14% or 0.09 to trade at $65.38 a barrel.

USD/CNY was down 0.10% to 6.9490, while EUR/CNY fell 0.06% to 7.8492.

The US Dollar Index Futures was down 0.21% at 96.94.

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