Investing.com – China equities were lower at the close on Thursday, as losses in the Software & Computer Services, Technology and Banking sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite lost 3.66%, while the SZSE Component index fell 3.85%.
The biggest gainers of the session on the Shanghai Composite were China Haisheng (SS:600896), which rose 10.04% or 1.350 points to trade at 14.800 at the close. Xinchao Indust (SS:600777) added 10.03% or 1.750 points to end at 19.200 and Tianyao (SS:600488) was up 10.02% or 1.210 points to 13.290 in late trade.
Biggest losers included Sanxing Electr (SS:601567), which lost 10.02% or 2.140 points to trade at 19.220 in late trade. Gem Year Ind (SS:601002) declined 10.01% or 2.280 points to end at 20.500 and Kingdom SS (SS:600446) shed 10.00% or 19.130 points to 172.130.
The top performers on the SZSE Component were Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which rose 3.89% to 13.37, Financial Street Holdings Co Ltd (SZ:000402) which was up 0.75% to settle at 14.85 and Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which gained 0.46% to close at 6.61.
The worst performers were Huayi Brothers Media Corp (SZ:300027) which was down 10.01% to 50.81 in late trade, Leshi Internet Info Tech (SZ:300104) which lost 9.99% to settle at 61.16 and Suning Commerce Group Co Ltd (SZ:002024) which was down 7.02% to 19.34 at the close.
Declining stocks outnumbered rising ones by 821 to 136 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.69% to 31.13.
In commodities trading, Gold for August delivery was up 1.05% or 12.30 to $1189.10 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.47% or 0.28 to hit $60.05 a barrel, while the August Brent oil contract rose 0.05% or 0.04 to trade at $63.91 a barrel.
USD/CNY was down 0.01% to 6.2087, while EUR/CNY rose 0.20% to 7.0540.
The US Dollar Index was down 0.27% at 94.22.