China shares lower at close of trade; Shanghai Composite down 0.85%

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China shares lower at close of trade; Shanghai Composite down 0.85%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Tuesday, as losses in the Software & Computer Services , Technology and Media sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 0.85% to hit a new 3-year low, while the SZSE Component index fell 1.95%.

The biggest gainers of the session on the Shanghai Composite were Shanghai Laimu Electronics Co Ltd (SS: 603633 ), which rose 10.04% or 1.020 points to trade at 11.180 at the close. YanTai Yuancheng Gold Co Ltd (SS: 600766 ) added 10.02% or 0.590 points to end at 6.480 and Bomin Electronics Co Ltd (SS: 603936 ) was up 10.00% or 1.390 points to 15.290 in late trade.

Biggest losers included Shanghai Hongda Mining Co Ltd (SS: 600532 ), which lost 10.06% or 0.490 points to trade at 4.380 in late trade. Joincare Pharmaceutical Group Industry Co Ltd (SS: 600380 ) declined 10.05% or 0.840 points to end at 7.520 and Shanghai Material Trading Co Ltd A (SS: 600822 ) shed 10.02% or 1.050 points to 9.430.

The top performers on the SZSE Component were Goldleaf Jewelry Co Ltd (SZ: 000587 ) which rose 10.13% to 2.50, Guangdong Golden Dragon Development Inc (SZ: 000712 ) which was up 9.88% to settle at 8.01 and Xingyuan Environment Technology Co Ltd (SZ: 300266 ) which gained 9.87% to close at 3.45.

The worst performers were Iflytek Co Ltd (SZ: 002230 ) which was down 10.02% to 20.30 in late trade, Da An Gene Co Ltd of Sun Yat-Sen University (SZ: 002030 ) which lost 10.01% to settle at 14.20 and Beijing Sinnet Technology Co Ltd (SZ: 300383 ) which was down 10.01% to 12.94 at the close.

Declining stocks outnumbered rising ones by 1209 to 219 and 36 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 0.67% to 28.32.

In commodities trading, Gold Futures for December delivery was up 0.09% or 1.10 to $1231.40 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.39% or 0.28 to hit $71.50 a barrel, while the December Brent oil contract fell 0.36% or 0.29 to trade at $80.49 a barrel.

USD/CNY was up 0.06% to 6.9209, while EUR/CNY rose 0.18% to 8.0237.

The US Dollar Index Futures was down 0.05% at 94.72.

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