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China shares lower at close of trade; Shanghai Composite down 1.39%

Published 17/04/2018, 08:35
Updated 17/04/2018, 08:35
© Reuters.  China shares lower at close of trade; Shanghai Composite down 1.39%

Investing.com – China equities were lower at the close on Tuesday, as losses in the Software & Computer Services, Travel & Leisure and Telecoms sectors propelled shares lower.

At the close in Shanghai, the Shanghai Composite fell 1.39% to hit a new 6-month low, while the SZSE Component index declined 2.13%.

The biggest gainers of the session on the Shanghai Composite were Hna Innovation Hainan Co Ltd A (SS:600555), which rose 10.08% or 0.50 points to trade at 5.46 at the close. Great-Sun Foods Co Ltd (SS:603336) added 9.99% or 2.960 points to end at 32.590 and Shanghai LongYun Advertising & Media Co Ltd (SS:603729) was up 9.99% or 5.63 points to 61.97 in late trade.

Biggest losers included Keda Group Co Ltd (SS:600986), which lost 10.04% or 1.110 points to trade at 9.950 in late trade. Shanghai Zhongji Investment Holding Co Ltd (SS:600634) declined 10.04% or 0.99 points to end at 8.87 and Shanghai Feilo Acoustics Co Ltd (SS:600651) shed 10.00% or 0.71 points to 6.39.

The top performers on the SZSE Component were Xian International Medical Investment Co Ltd (SZ:000516) which rose 10.02% to 5.38, Sichuan Haite High-tech Co Ltd (SZ:002023) which was up 9.98% to settle at 10.69 and GuangDong Huasheng Electrical Appliances Co Ltd (SZ:002670) which gained 5.50% to close at 16.87.

The worst performers were COFCO Property Group Co Ltd (SZ:000031) which was down 10.00% to 7.20 in late trade, Beijing Sinnet Technology Co Ltd (SZ:300383) which lost 9.99% to settle at 16.75 and Shenzhen Ysstech Info-Tech Co Ltd (SZ:300377) which was down 9.56% to 16.09 at the close.

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Declining stocks outnumbered rising ones by 1174 to 178 and 16 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.20% to 23.97.

In commodities trading, Gold Futures for June delivery was down 0.18% or 2.40 to $1348.30 a troy ounce. Meanwhile, Crude oil for delivery in May rose 0.51% or 0.34 to hit $66.56 a barrel, while the June Brent oil contract rose 0.39% or 0.28 to trade at $71.70 a barrel.

USD/CNY was down 0.23% to 6.2804, while EUR/CNY rose 0.29% to 7.7944.

The US Dollar Index Futures was down 0.18% at 88.98.

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