China shares lower at close of trade; Shanghai Composite down 1.78%

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China shares lower at close of trade; Shanghai Composite down 1.78% – China equities were lower at the close on Wednesday, as losses in the Software & Computer Services , Media and Telecoms sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 1.78%, while the SZSE Component index lost 1.97%.

The biggest gainers of the session on the Shanghai Composite were Zhengping Road & Bridge Construction Co Ltd (SS: 603843 ), which rose 10.03% or 0.760 points to trade at 8.340 at the close. Zhejiang XCC Group Co Ltd (SS: 603667 ) added 10.01% or 0.980 points to end at 10.770 and Shen Ma Industry Co Ltd (SS: 600810 ) was up 10.01% or 1.570 points to 17.250 in late trade.

Biggest losers included Huayi Electric Co Ltd (SS: 600290 ), which lost 9.98% or 0.660 points to trade at 5.950 in late trade. Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS: 600165 ) declined 9.97% or 1.080 points to end at 9.750 and Fujian Furi Electronics Co Ltd (SS: 600203 ) shed 9.95% or 0.94 points to 8.51.

The top performers on the SZSE Component were All Winner Technology Co Ltd (SZ: 300458 ) which rose 10.00% to 21.34, Nanjing Hanrui Cobalt Co Ltd (SZ: 300618 ) which was up 10.00% to settle at 144.66 and FSPG Hi-Tech Co Ltd (SZ: 000973 ) which gained 5.24% to close at 4.22.

The worst performers were Anhui Shengyun Environment-Protection Group Co Ltd (SZ: 300090 ) which was down 10.05% to 3.58 in late trade, Xingyuan Environment Technology Co Ltd (SZ: 300266 ) which lost 10.04% to settle at 8.60 and Nationz Technologies Inc (SZ: 300077 ) which was down 10.03% to 9.78 at the close.

Declining stocks outnumbered rising ones by 1265 to 141 and 7 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 22.63.

In commodities trading, Gold Futures for August delivery was down 0.18% or 2.20 to $1253.20 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.57% or 0.42 to hit $73.69 a barrel, while the September Brent oil contract fell 1.48% or 1.17 to trade at $77.69 a barrel.

USD/CNY was up 0.42% to 6.6593, while EUR/CNY rose 0.32% to 7.8139.

The US Dollar Index Futures was up 0.09% at 93.93.

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