China shares lower at close of trade; Shanghai Composite down 0.35%

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China shares lower at close of trade; Shanghai Composite down 0.35%
Credit: © Reuters. – China equities were lower at the close on Wednesday, as losses in the Life Insurance , Real Estate Investments & Services and Financials sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.35%, while the SZSE Component index fell 0.09%.

The biggest gainers of the session on the Shanghai Composite were Starlake Bioscience Co Inc Zhaoqing Guangdong (SS: 600866 ), which rose 10.11% or 0.440 points to trade at 4.790 at the close. Founder Technology Group Co Ltd (SS: 600601 ) added 10.06% or 0.310 points to end at 3.390 and Ningbo Zhongbai Co Ltd (SS: 600857 ) was up 10.03% or 1.060 points to 11.630 in late trade.

Biggest losers included Hunan Baili Engineering Sci & Tech Co Ltd (SS: 603959 ), which lost 10.00% or 3.260 points to trade at 29.330 in late trade. Ningbo Peacebird Fashion Co Ltd (SS: 603877 ) declined 9.06% or 2.73 points to end at 27.40 and Xiamen Overseas Chinese Electronic Co Ltd (SS: 600870 ) shed 6.75% or 0.400 points to 5.530.

The top performers on the SZSE Component were Hangzhou New Century Info Tech (SZ: 002280 ) which rose 10.06% to 7.00, Lepu Medical Tech Beijing (SZ: 300003 ) which was up 10.01% to settle at 36.81 and Digital China Information Service Co Ltd (SZ: 000555 ) which gained 10.00% to close at 15.84.

The worst performers were Cefc Anhui International Holding Co Ltd (SZ: 002018 ) which was down 10.02% to 4.85 in late trade, Zhejiang Wanfeng Auto Wheel Co Ltd (SZ: 002085 ) which lost 9.25% to settle at 9.12 and Hunan China Sun Pharma Machinery (SZ: 300216 ) which was down 8.83% to 8.36 at the close.

Declining stocks outnumbered rising ones by 672 to 648 and 48 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was up 4.09% to 23.39.

In commodities trading, Gold Futures for June delivery was down 0.53% or 7.10 to $1325.90 a troy ounce. Meanwhile, Crude oil for delivery in June rose 0.03% or 0.02 to hit $67.72 a barrel, while the June Brent oil contract rose 0.12% or 0.09 to trade at $73.95 a barrel.

USD/CNY was up 0.09% to 6.3112, while EUR/CNY fell 0.19% to 7.6989.

The US Dollar Index Futures was up 0.30% at 90.83.

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