Investing.com – China equities were lower at the close on Wednesday, as losses in the Telecoms, Mobile and Oil Equipment Services & Distribution sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite declined 0.61%, while the SZSE Component index lost 0.32%.
The biggest gainers of the session on the Shanghai Composite were Taiyuan Chemical Industry Co Ltd (SS:600281), which rose 10.05% or 0.390 points to trade at 4.270 at the close. Xinhua Winshare Publishing and Media Co Ltd (SS:601811) added 10.03% or 1.140 points to end at 12.510 and Zhonglu Co Ltd A (SS:600818) was up 10.00% or 1.200 points to 13.200 in late trade.
Biggest losers included Jiangsu Sunrain Solar Energy Co Ltd (SS:603366), which lost 10.04% or 0.530 points to trade at 4.750 in late trade. Tianjin Hi-Tech Development Co Ltd (SS:600082) declined 10.02% or 0.520 points to end at 4.670 and Luxin Venture Capital Group Co Ltd (SS:600783) shed 10.02% or 1.860 points to 16.710.
The top performers on the SZSE Component were Meisheng Cultural & Creative Corp Ltd (SZ:002699) which rose 10.08% to 6.77, Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was up 10.00% to settle at 24.43 and Sungrow Power Supply Co Ltd (SZ:300274) which gained 9.98% to close at 9.26.
The worst performers were Zhonghong Holding Co Ltd (SZ:000979) which was down 7.14% to 0.26 in late trade, Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which lost 5.52% to settle at 5.13 and Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 4.98% to 4.77 at the close.
Declining stocks outnumbered rising ones by 1110 to 328 and 38 ended unchanged on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 10.98% to 26.29.
In commodities trading, Gold Futures for February delivery was down 0.47% or 5.90 to $1240.70 a troy ounce. Meanwhile, Crude oil for delivery in January fell 1.30% or 0.69 to hit $52.56 a barrel, while the February Brent oil contract fell 1.29% or 0.80 to trade at $61.28 a barrel.
USD/CNY was up 0.41% to 6.8653, while EUR/CNY rose 0.31% to 7.7791.
The US Dollar Index Futures was up 0.12% at 97.023.