Investing.com – China equities were lower at the close on Monday, as losses in the Telecoms, Mobile and Life Insurance sectors propelled shares lower.
At the close in Shanghai, the Shanghai Composite lost 8.48%, while the SZSE Component index declined 7.59%.
The biggest gainers of the session on the Shanghai Composite were Bright Oceans (SS:600289), which rose 10.02% or 1.780 points to trade at 19.550 at the close. Zhongda Group (SS:600704) added 9.99% or 2.210 points to end at 24.340 and Pci-Suntek Tec (SS:600728) was up 4.96% or 1.640 points to 34.700 in late trade.
Biggest losers included Shandong Iron (SS:600022), which lost 10.07% or 0.440 points to trade at 3.930 in late trade. Guangshen Rail SS (SS:601333) declined 10.07% or 0.590 points to end at 5.270 and United Network (SS:600050) shed 10.06% or 0.720 points to 6.440.
The top performers on the SZSE Component were Sichuan Danfu Compressor Co Ltd (SZ:002366) which rose 10.01% to 62.67, Juli Sling Co Ltd (SZ:002342) which was up 10.00% to settle at 6.38 and Zhuhai Hokai Med Instruments (SZ:300273) which gained 10.00% to close at 26.94.
The worst performers were Pangang Group Vanadium Titanium & Resources Co Ltd (SZ:000629) which was down 10.07% to 3.75 in late trade, Tianjin Jinbin Development (SZ:000897) which lost 10.06% to settle at 6.17 and Henan Shenhuo Coal & Power Co Ltd (SZ:000933) which was down 10.06% to 6.35 at the close.
Declining stocks outnumbered rising ones by 959 to 12 on the Shanghai Stock Exchange.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 13.96% to 30.61.
In commodities trading, Gold for December delivery was up 1.55% or 16.80 to $1102.80 a troy ounce. Meanwhile, Crude oil for delivery in September fell 0.26% or 0.12 to hit $48.02 a barrel, while the September Brent oil contract fell 0.07% or 0.04 to trade at $54.58 a barrel.
USD/CNY was up 0.00% to 6.2098, while EUR/CNY rose 0.87% to 6.8754.
The US Dollar Index was down 0.62% at 96.74.