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China shares lower at close of trade; Shanghai Composite down 1.40%

Published 2018-05-23, 03:35 a/m
Updated 2018-05-23, 03:35 a/m
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.40%

© Reuters. China shares lower at close of trade; Shanghai Composite down 1.40%

Investing.com – China equities were lower at the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Life Insurance and Telecoms sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.40%, while the SZSE Component index fell 1.25%.

The biggest gainers of the session on the Shanghai Composite were Chahua Modern Housewares Co Ltd (SS:603615), which rose 9.99% or 1.45 points to trade at 15.96 at the close. China Hainan Rubber Industry Group Co Ltd (SS:601118) added 9.97% or 0.600 points to end at 6.620 and Jiangsu Zongyi Co Ltd (SS:600770) was up 9.97% or 0.720 points to 7.940 in late trade.

Biggest losers included Inly Media Co Ltd (SS:603598), which lost 10.02% or 1.750 points to trade at 15.720 in late trade. Yanzhou Coal Mining Co Ltd (SS:600188) declined 9.95% or 1.510 points to end at 13.670 and Shandong Shida Shenghua Chemical Group Co Ltd (SS:603026) shed 7.71% or 1.930 points to 23.090.

The top performers on the SZSE Component were Harbin Gloria Pharmaceuticals (SZ:002437) which rose 10.06% to 6.89, Guangdong Baolihua New Energy Stock Co LTD (SZ:000690) which was up 5.26% to settle at 7.80 and Sichuan Haite High-tech Co Ltd (SZ:002023) which gained 5.26% to close at 14.21.

The worst performers were Zhuhai Hokai Med Instruments (SZ:300273) which was down 8.28% to 8.64 in late trade, Henan Shenhuo Coal & Power Co Ltd (SZ:000933) which lost 6.37% to settle at 6.170 and Digital China Information Service Co Ltd (SZ:000555) which was down 6.22% to 13.41 at the close.

Declining stocks outnumbered rising ones by 1078 to 278 and 22 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 20.07.

In commodities trading, Gold Futures for June delivery was up 0.04% or 0.50 to $1292.50 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.40% or 0.29 to hit $71.91 a barrel, while the July Brent oil contract fell 0.63% or 0.50 to trade at $79.07 a barrel.

USD/CNY was up 0.30% to 6.3867, while EUR/CNY fell 0.20% to 7.4843.

The US Dollar Index Futures was up 0.33% at 93.82.

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