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 lost 2.53% to hit a new 52-week low, while the SZSE Component index declined 2.35%.
The biggest gainers of the session on the Shanghai Composite were Xinjiang Sayram Modern Agriculture Co Ltd (SS:600540), which rose 10.08% or 0.490 points to trade at 5.350 at the close. BanBao Co Ltd (SS:603398) added 10.01% or 1.340 points to end at 14.730 and Great-Sun Foods Co Ltd (SS:603336) was up 10.00% or 2.100 points to 23.100 in late trade.
Biggest losers included Clenergy Xiamen Technology Co Ltd (SS:603628), which lost 10.03% or 1.34 points to trade at 12.02 in late trade. Xinjiang Baihuacun Co Ltd (SS:600721) declined 10.02% or 1.040 points to end at 9.340 and Nanjing Doron Technology Corp Ltd (SS:603528) shed 10.01% or 0.920 points to 8.270.
The top performers on the SZSE Component were Shandong Humon Smelting Co Ltd (SZ:002237) which rose 9.35% to 11.46, Songcheng Performance Develop (SZ:300144) which was up 6.13% to settle at 22.00 and Jiugui Liquor Co Ltd (SZ:000799) which gained 5.82% to close at 27.10.
The worst performers were Suzhou Anjie Technology Co Ltd (SZ:002635) which was down 10.02% to 17.16 in late trade, Beijing Sinnet Technology Co Ltd (SZ:300383) which lost 10.00% to settle at 14.13 and Shenzhen Hifuture Electric (SZ:002168) which was down 9.96% to 10.03 at the close.
Declining stocks outnumbered rising ones by 1250 to 124 and 5 ended unchanged on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 14.93% to 23.55 a new 1-month high.
In commodities trading, Gold Futures for June delivery was down 0.26% or 3.40 to $1295.60 a troy ounce. Meanwhile, Crude oil for delivery in July rose 0.03% or 0.02 to hit $66.75 a barrel, while the August Brent oil contract fell 0.15% or 0.11 to trade at $75.38 a barrel.
USD/CNY was up 0.14% to 6.4286, while EUR/CNY rose 0.56% to 7.4447.
The US Dollar Index Futures was down 0.22% at 94.60.