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China shares lower at close of trade; Shanghai Composite down 0.47%

Published 29/05/2018, 08:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.47%
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Investing.com – China equities were lower at the close on Tuesday, as losses in the Telecoms, Mobile and Real Estate Investments & Services sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.47%, while the SZSE Component index lost 1.11%.

The biggest gainers of the session on the Shanghai Composite were Henan Taloph Pharmaceutical Stock Co Ltd (SS:600222), which rose 10.10% or 0.500 points to trade at 5.450 at the close. Jiangsu Lianhuan Pharmaceutical Co Ltd (SS:600513) added 10.06% or 0.820 points to end at 8.970 and Ningbo Marine Co Ltd (SS:600798) was up 10.05% or 0.440 points to 4.820 in late trade.

Biggest losers included Hubei Mailyard Share Co Ltd (SS:600107), which lost 10.03% or 0.970 points to trade at 8.700 in late trade. Shanghai Wondertek Software Co Ltd (SS:603189) declined 10.01% or 2.060 points to end at 18.520 and Zhangzhou Pientzehuang Pharmaceutical Co Ltd (SS:600436) shed 9.99% or 12.970 points to 116.850.

The top performers on the SZSE Component were Shenwu Environmental Tech (SZ:300156) which rose 10.01% to 8.57, Hunan China Sun Pharma Machinery (SZ:300216) which was up 9.95% to settle at 9.61 and Zhejiang Semir Garment Co Ltd (SZ:002563) which gained 5.01% to close at 13.21.

The worst performers were Sichuan Danfu Compressor Co Ltd (SZ:002366) which was down 10.02% to 17.97 in late trade, Shenzhen Hifuture Electric (SZ:002168) which lost 10.02% to settle at 11.14 and Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which was down 10.00% to 5.49 at the close.

Declining stocks outnumbered rising ones by 860 to 464 and 55 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 20.49.

In commodities trading, Gold Futures for June delivery was down 0.52% or 6.80 to $1296.90 a troy ounce. Meanwhile, Crude oil for delivery in July fell 1.74% or 1.18 to hit $66.70 a barrel, while the August Brent oil contract rose 0.36% or 0.27 to trade at $75.59 a barrel.

USD/CNY was up 0.21% to 6.4129, while EUR/CNY fell 0.06% to 7.4344.

The US Dollar Index Futures was up 0.16% at 94.51.

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