China shares lower at close of trade; Shanghai Composite down 1.39%

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China shares lower at close of trade; Shanghai Composite down 1.39%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Friday, as losses in the Banking , Life Insurance and Financials sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 1.39%, while the SZSE Component index lost 0.64%.

The biggest gainers of the session on the Shanghai Composite were China Hi-Tech Group Co Ltd (SS: 600730 ), which rose 10.11% or 0.48 points to trade at 5.23 at the close. Shanghai Shibei Hi-Tech Co Ltd A (SS: 600604 ) added 10.08% or 0.52 points to end at 5.68 and Beijing Electronic Zone Investment and Development Group Co Ltd (SS: 600658 ) was up 10.08% or 0.510 points to 5.570 in late trade.

Biggest losers included China Hainan Rubber Industry Group Co Ltd (SS: 601118 ), which lost 10.07% or 0.600 points to trade at 5.360 in late trade. Eastern Gold Jade Co Ltd (SS: 600086 ) declined 9.93% or 0.590 points to end at 5.350 and Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS: 600165 ) shed 8.12% or 0.380 points to 4.300.

The top performers on the SZSE Component were Chuying Agro-Pastoral Group Co Ltd (SZ: 002477 ) which rose 9.77% to 1.91, Zhejiang Jiangshan Chemical Co Ltd (SZ: 002061 ) which was up 7.25% to settle at 10.35 and Shandong Qixing Iron Tower Co Ltd (SZ: 002359 ) which gained 7.01% to close at 10.54.

The worst performers were Shenzhen Kangtai Biological Products Co Ltd (SZ: 300601 ) which was down 10.00% to 36.80 in late trade, Maanshan Fangyuan Slewing Ring Co Ltd (SZ: 002147 ) which lost 9.95% to settle at 7.06 and Beijing Shouhang Resources Saving Co Ltd (SZ: 002665 ) which was down 9.45% to 3.45 at the close.

Declining stocks outnumbered rising ones by 924 to 481 and 68 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 27.16.

In commodities trading, Gold Futures for December delivery was down 0.45% or 5.50 to $1220.70 a troy ounce. Meanwhile, Crude oil for delivery in December fell 0.08% or 0.05 to hit $60.62 a barrel, while the January Brent oil contract rose 0.14% or 0.10 to trade at $70.75 a barrel.

USD/CNY was up 0.18% to 6.9470, while EUR/CNY fell 0.01% to 7.8810.

The US Dollar Index Futures was up 0.08% at 96.63.

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