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China shares lower at close of trade; Shanghai Composite down 0.04%

Published 03/01/2019, 07:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.04%
FTXIN4651020
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SSEC
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600268
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600518
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600614
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600652
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600867
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000901
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002716
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Investing.com – China equities were lower at the close on Thursday, as losses in the Technology Hardware & Equipment, Travel & Leisure and Gas, Water & Multiutilities sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.04% to hit a new 3-year low, while the SZSE Component index declined 0.84%.

The biggest gainers of the session on the Shanghai Composite were Pengqi Technology Development Co Ltd A (SS:600614), which rose 10.13% or 0.400 points to trade at 4.350 at the close. Guodian Nanjing Automation Co Ltd (SS:600268) added 10.10% or 0.420 points to end at 4.580 and Qingdao Huijintong Power Eouipment Co Ltd (SS:603577) was up 10.02% or 0.920 points to 10.100 in late trade.

Biggest losers included Shanghai U9 Game Co Ltd (SS:600652), which lost 10.02% or 0.440 points to trade at 3.950 in late trade. Tonghua Dongbao Pharmaceutical Co Ltd (SS:600867) declined 10.02% or 1.380 points to end at 12.390 and Kangmei Pharmaceutical Co Ltd (SS:600518) shed 10.01% or 0.830 points to 7.460.

The top performers on the SZSE Component were Aerospace Hi-Tech Holding Group Co Ltd (SZ:000901) which rose 10.06% to 9.96, Inner Mongolia Xingye Mining Co Ltd (SZ:000426) which was up 10.02% to settle at 5.71 and Chenzhou Jingui Silver Industry Co Ltd (SZ:002716) which gained 10.00% to close at 7.04.

The worst performers were Zhongtian Urban Development Group Co Ltd (SZ:000540) which was down 10.05% to 3.94 in late trade, Suzhou Dongshan Precision Manufacturing Co Ltd (SZ:002384) which lost 9.96% to settle at 10.03 and Betta Pharmaceuticals Co Ltd (SZ:300558) which was down 9.88% to 27.36 at the close.

Declining stocks outnumbered rising ones by 758 to 606 and 114 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 0.08% to 26.51.

In commodities trading, Gold Futures for February delivery was up 0.62% or 7.95 to $1292.05 a troy ounce. Meanwhile, Crude oil for delivery in February fell 1.96% or 0.91 to hit $45.63 a barrel, while the March Brent oil contract fell 1.07% or 0.59 to trade at $54.32 a barrel.

USD/CNY was up 0.19% to 6.8754, while EUR/CNY rose 0.47% to 7.8168.

The US Dollar Index Futures was down 0.32% at 96.110.

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