China shares lower at close of trade; Shanghai Composite down 1.33%

  • Investing.com
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China shares lower at close of trade; Shanghai Composite down 1.33%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Friday, as losses in the Telecoms , Mobile and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 1.33% to hit a new 52-week low, while the SZSE Component index declined 1.69%.

The biggest gainers of the session on the Shanghai Composite were Zhe Jiang Dong Ri Ltd Co (SS: 600113 ), which rose 10.06% or 0.810 points to trade at 8.860 at the close. Nanjing Panda Electronics Co Ltd (SS: 600775 ) added 6.31% or 0.37 points to end at 6.23 and PNC Process Systems Co Ltd (SS: 603690 ) was up 6.06% or 1.28 points to 22.40 in late trade.

Biggest losers included MeiDu Energy Corp (SS: 600175 ), which lost 10.10% or 0.420 points to trade at 3.740 in late trade. Shangying Global Co Ltd (SS: 600146 ) declined 10.00% or 1.80 points to end at 16.20 and Hainan HNA Infrastructure Investment Group Co Ltd (SS: 600515 ) shed 9.96% or 0.730 points to 6.600.

The top performers on the SZSE Component were Harbin Gloria Pharmaceuticals (SZ: 002437 ) which rose 9.29% to 4.59, HC Semitek Corp (SZ: 300323 ) which was up 4.03% to settle at 12.65 and Giant Network Group Co Ltd (SZ: 002558 ) which gained 3.38% to close at 19.27.

The worst performers were Jiangsu Aucksun Co Ltd (SZ: 002245 ) which was down 10.02% to 5.12 in late trade, Shanghai Ganglian E Commerce (SZ: 300226 ) which lost 10.00% to settle at 45.26 and Hangzhou Tigermed Consulting (SZ: 300347 ) which was down 10.00% to 51.30 at the close.

Declining stocks outnumbered rising ones by 1231 to 170 and 37 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 6.69% to 24.42.

In commodities trading, Gold Futures for December delivery was down 0.19% or 2.30 to $1181.70 a troy ounce. Meanwhile, Crude oil for delivery in September rose 0.05% or 0.03 to hit $65.49 a barrel, while the October Brent oil contract rose 0.06% or 0.04 to trade at $71.47 a barrel.

USD/CNY was up 0.07% to 6.8874, while EUR/CNY rose 0.15% to 7.8417.

The US Dollar Index Futures was down 0.08% at 96.40.

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