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China shares lower at close of trade; Shanghai Composite down 0.70%

Published 15/06/2018, 08:35
Updated 15/06/2018, 08:40
© Reuters.  China shares lower at close of trade; Shanghai Composite down 0.70%

© Reuters. China shares lower at close of trade; Shanghai Composite down 0.70%

Investing.com – China equities were lower at the close on Friday, as losses in the Electricity, Retailers and Technology Hardware & Equipment sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite lost 0.70% to hit a new 52-week low, while the SZSE Component index fell 1.40%.

The biggest gainers of the session on the Shanghai Composite were Chongqing Wanli New Energy Co Ltd (SS:600847), which rose 9.98% or 1.300 points to trade at 14.330 at the close. Shanxi Coal International Energy Group Co Ltd (SS:600546) added 9.95% or 0.370 points to end at 4.090 and Zhengzhou Coal Industry & Electric Power Co Ltd (SS:600121) was up 9.92% or 0.360 points to 3.990 in late trade.

Biggest losers included Shanghai Chuangli Group Co Ltd (SS:603012), which lost 10.06% or 0.720 points to trade at 6.440 in late trade. Yaxing Chem (SS:600319) declined 10.05% or 0.760 points to end at 6.800 and Ningbo Bird Co Ltd (SS:600130) shed 10.04% or 0.490 points to 4.390.

The top performers on the SZSE Component were Eternal Asia Supply Chain Management Ltd (SZ:002183) which rose 5.01% to 7.55, Westone Information Industry Inc (SZ:002268) which was up 4.97% to settle at 23.88 and Zhejiang Transfar Co Ltd (SZ:002010) which gained 4.80% to close at 13.33.

The worst performers were ZTE Corp (SZ:000063) which was down 10.02% to 22.82 in late trade, Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) which lost 10.01% to settle at 12.40 and Beijing Chinese All Digital Publishing Co Ltd (SZ:300364) which was down 10.01% to 7.82 at the close.

Declining stocks outnumbered rising ones by 1130 to 238 and 23 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 18.29 a new 3-month low.

In commodities trading, Gold Futures for August delivery was down 0.44% or 5.70 to $1302.60 a troy ounce. Meanwhile, Crude oil for delivery in July fell 0.09% or 0.06 to hit $66.83 a barrel, while the August Brent oil contract fell 0.29% or 0.22 to trade at $75.72 a barrel.

USD/CNY was up 0.19% to 6.4139, while EUR/CNY rose 0.27% to 7.4233.

The US Dollar Index Futures was unchanged 0.00% at 94.93.

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