Investing.com – China equities were lower at the close on Wednesday, as losses in the Gas, Water & Multiutilities, Travel & Leisure and Software & Computer Services sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite declined 5.23%, while the SZSE Component index declined 4.79%.
The biggest gainers of the session on the Shanghai Composite were Sz Expressway (SS:600548), which rose 10.06% or 0.860 points to trade at 9.410 at the close. Chengtou Holdi (SS:600649) added 10.05% or 0.940 points to end at 10.290 and Gold Jade (SS:600086) was up 10.01% or 5.380 points to 59.150 in late trade.
Biggest losers included Hongxing Steel (SS:600307), which lost 10.06% or 0.680 points to trade at 6.080 in late trade. Yasheng Indust (SS:600108) declined 10.04% or 1.040 points to end at 9.320 and Zijiang (SS:600210) shed 10.04% or 0.840 points to 7.530.
The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ:002681) which rose 10.01% to 30.21, Shenwu Environmental Tech (SZ:300156) which was up 8.02% to settle at 46.98 and Xian International Medical Investment Co Ltd (SZ:000516) which gained 7.13% to close at 23.13.
The worst performers were Luxi Chemical Group Co Ltd (SZ:000830) which was down 10.04% to 8.96 in late trade, Beijing Centergate Technologies Holding Co Ltd (SZ:000931) which lost 10.03% to settle at 12.65 and Juli Sling Co Ltd (SZ:002342) which was down 10.03% to 8.52 at the close.
Declining stocks outnumbered rising ones by 900 to 72 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.95% to 31.62.
In commodities trading, Gold for August delivery was up 0.04% or 0.50 to $1172.30 a troy ounce. Meanwhile, Crude oil for delivery in August fell 1.81% or 1.07 to hit $58.40 a barrel, while the August Brent oil contract fell 1.48% or 0.94 to trade at $62.65 a barrel.
USD/CNY was up 0.02% to 6.2022, while EUR/CNY fell 0.33% to 6.8903.
The US Dollar Index was up 0.22% at 95.96.