Investing.com – China equities were lower at the close on Friday, as losses in the Telecoms, Mobile and Gas, Water & Multiutilities sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite fell 6.36%, while the SZSE Component index lost 6.03%.
The biggest gainers of the session on the Shanghai Composite were Yueyang Paper (SS:600963), which rose 10.04% or 0.940 points to trade at 10.300 at the close. Golden Eagle SS (SS:600232) added 10.03% or 0.930 points to end at 10.200 and New World (SS:600628) was up 10.02% or 1.730 points to 19.000 in late trade.
Biggest losers included Nanjing Steel (SS:600282), which lost 10.04% or 0.730 points to trade at 6.540 in late trade. Sd Expressway (SS:600350) declined 10.04% or 1.110 points to end at 9.950 and Chutian Exp (SS:600035) shed 10.03% or 0.870 points to 7.800.
The top performers on the SZSE Component were BOE Technology Group Co Ltd (SZ:000725) which rose 0.39% to 5.16, Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) which was unchanged 0% to settle at 44.55 and China Merchants Property Development Co Ltd (SZ:000024) which unchanged 0% to close at 31.96.
The worst performers were Leshi Internet Info Tech (SZ:300104) which was down 10.01% to 55.04 in late trade, Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which lost 9.98% to settle at 5.95 and Financial Street Holdings Co Ltd (SZ:000402) which was down 9.97% to 13.37 at the close.
Declining stocks outnumbered rising ones by 935 to 24 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.86% to 30.24.
In commodities trading, Gold for August delivery was down 0.27% or 3.20 to $1198.80 a troy ounce. Meanwhile, Crude oil for delivery in August fell 0.08% or 0.05 to hit $60.77 a barrel, while the August Brent oil contract rose 0.05% or 0.04 to trade at $64.30 a barrel.
USD/CNY was up 0.04% to 6.2101, while EUR/CNY fell 0.25% to 7.0345.
The US Dollar Index was up 0.24% at 94.43.