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

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China shares lower at close of trade; Shanghai Composite down 1.18% – China equities were lower at the close on Tuesday, as losses in the Technology Hardware & Equipment , Technology and Software & Computer Services sectors propelled shares lower.

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

The biggest gainers 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. 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.

Biggest losers included Qingdao Topscomm Communication Inc (SS: 603421 ), which lost 6.98% or 1.820 points to trade at 24.240 in late trade. 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 ) shed 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.

Declining stocks outnumbered rising ones by 1174 to 258 and 48 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 21.02 a new 3-month low.

In commodities trading, Gold Futures for February delivery was down 0.23% or 2.95 to $1279.65 a troy ounce. Meanwhile, 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 0.69% or 0.43 to trade at $62.31 a barrel.

USD/CNY was up 0.19% to 6.8060, while EUR/CNY rose 0.07% to 7.7252.

The US Dollar Index Futures was up 0.14% at 96.123.

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