Investing.com – China equities were lower at the close on Wednesday, as losses in the Telecoms, Mobile and Life Insurance sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite lost 0.26% to hit a new 1-month low, while the SZSE Component index declined 0.58%.
The biggest gainers of the session on the Shanghai Composite were Guodian Nanjing Automation Co Ltd (SS:600268), which rose 10.08% or 0.380 points to trade at 4.150 at the close. Holsin Engineering Consulting Group Co Ltd (SS:603909) added 10.02% or 2.500 points to end at 27.450 and Wuxi New Hongtai Electrical Technology Co Ltd (SS:603016) was up 10.01% or 1.680 points to 18.470 in late trade.
Biggest losers included Changyuan Group Ltd (SS:600525), which lost 10.06% or 0.510 points to trade at 4.560 in late trade. Qingdao Topscomm Communication Inc (SS:603421) declined 7.32% or 1.800 points to end at 22.800 and DELIXI XINJIANG Transportation Co Ltd (SS:603032) shed 5.95% or 1.82 points to 28.76.
The top performers on the SZSE Component were XJ Electric Co Ltd (SZ:000400) which rose 6.13% to 9.35, Yintai Resources Co Ltd (SZ:000975) which was up 5.53% to settle at 9.93 and Shenzhen Grandland Decoration Group Co Ltd (SZ:002482) which gained 5.15% to close at 5.72.
The worst performers were China West Construction Group Co Ltd (SZ:002302) which was down 10.02% to 9.25 in late trade, Zhonghong Holding Co Ltd (SZ:000979) which lost 8.70% to settle at 0.21 and Guangdong Eastone Century Technology Co Ltd (SZ:300310) which was down 5.18% to 5.31 at the close.
Declining stocks outnumbered rising ones by 766 to 604 and 104 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 31.03 a new 1-month high.
In commodities trading, Gold Futures for February delivery was up 0.30% or 3.85 to $1275.65 a troy ounce. Meanwhile, Crude oil for delivery in February rose 0.21% or 0.09 to hit $42.62 a barrel, while the March Brent oil contract fell 0.71% or 0.36 to trade at $50.41 a barrel.
USD/CNY was down 0.01% to 6.8989, while EUR/CNY rose 0.01% to 7.8659.
The US Dollar Index Futures was up 0.11% at 96.113.