China shares lower at close of trade; Shanghai Composite down 2.94%

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China shares lower at close of trade; Shanghai Composite down 2.94%
Credit: © Reuters.

Investing.com – China equities were lower at the close on Thursday, as losses in the Gas, Water & Multiutilities , Travel & Leisure and Oil Equipment Services & Distribution sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 2.94% to hit a new 3-year low, while the SZSE Component index declined 2.41%.

The biggest gainers of the session on the Shanghai Composite were Wuxi New Hongtai Electrical Technology Co Ltd (SS: 603016 ), which rose 10.02% or 1.400 points to trade at 15.370 at the close. Hangzhou XZB Tech Co Ltd (SS: 603040 ) added 10.00% or 2.16 points to end at 23.76 and Guizhou Changzheng Tiancheng Holding Co Ltd (SS: 600112 ) was up 9.90% or 0.300 points to 3.330 in late trade.

Biggest losers included Yangmei Chemical Co Ltd (SS: 600691 ), which lost 10.14% or 0.280 points to trade at 2.480 in late trade. HeBei Jinniu Chemical Industry Co Ltd (SS: 600722 ) declined 10.07% or 0.590 points to end at 5.270 and Nanning Department Store Co Ltd (SS: 600712 ) shed 10.05% or 0.400 points to 3.580.

The top performers on the SZSE Component were Hemp Industrial Investment Co Ltd (SZ: 002036 ) which rose 9.96% to 8.94, Leyard Optoelectronic (SZ: 300296 ) which was up 4.11% to settle at 7.60 and Beijing Sanju Environmental (SZ: 300072 ) which gained 3.41% to close at 10.91.

The worst performers were Shaanxi J&R Fire Protection Co Ltd (SZ: 300116 ) which was down 10.19% to 1.41 in late trade, Chuying Agro-Pastoral Group Co Ltd (SZ: 002477 ) which lost 10.12% to settle at 1.51 and Xinjiang Machinery Research Inst (SZ: 300159 ) which was down 10.06% to 5.72 at the close.

Declining stocks outnumbered rising ones by 1343 to 105 and 19 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 27.79.

In commodities trading, Gold Futures for December delivery was down 0.24% or 3.00 to $1224.40 a troy ounce. Meanwhile, Crude oil for delivery in November fell 0.20% or 0.14 to hit $69.61 a barrel, while the December Brent oil contract fell 0.41% or 0.33 to trade at $79.72 a barrel.

USD/CNY was up 0.13% to 6.9364, while EUR/CNY rose 0.19% to 7.9806.

The US Dollar Index Futures was up 0.02% at 95.37.

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