2 months ago
Stock Market

China stocks lower at close of trade; Shanghai Composite down 1.18%

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Technology Hardware&Equipment, Technology and Software&Computer

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Technology Hardware&Equipment, Technology and Software&Computer Services sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 1.18%, while the SZSE Component index declined 1.44%.

The best performers of the session on the Shanghai Composite were Citic Guoan Wine Co Ltd (SS:600084), which rose 10.15% or 0.330 points to trade at 3.580 at the close. Meanwhile, Tianjin Tianhai Investment Co Ltd A (SS:600751) added 10.14% or 0.290 points to end at 3.150 and Zhejiang Huazheng New Material Co Ltd (SS:603186) was up 10.03% or 1.81 points to 19.86 in late trade.

The worst performers of the session were Qingdao Topscomm Communication Inc (SS:603421), which fell 6.98% or 1.820 points to trade at 24.240 at the close. Tonghua Dongbao Pharmaceutical Co Ltd (SS:600867) declined 6.19% or 0.820 points to end at 12.420 and Guangdong Rongtai Industry Co Ltd (SS:600589) was down 5.70% or 0.280 points to 4.630.

The top performers on the SZSE Component were Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which rose 10.02% to 4.94, Zhejiang Transfar Co Ltd (SZ:002010) which was up 8.42% to settle at 7.08 and Shenzhen Fenda Technology Co Ltd (SZ:002681) which gained 3.46% to close at 4.48.

The worst performers were Zhejiang Jingsheng Mech Electric (SZ:300316) which was down 8.49% to 9.38 in late trade, Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which lost 7.14% to settle at 1.69 and AVIC Electromechanical Systems Co Ltd (SZ:002013) which was down 5.83% to 6.95 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1174 to 258 and 48 ended unchanged.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 21.02 a new 3-months low.

Gold Futures for February delivery was down 0.22% or 2.85 to $1279.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.59% or 0.32 to hit $53.72 a barrel, while the March Brent oil contract fell 0.70% or 0.44 to trade at $62.30 a barrel.

USD/CNY was up 0.20% to 6.8064, while EUR/CNY rose 0.09% to 7.7263.

The US Dollar Index Futures was up 0.13% at 96.120.