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China stocks lower at close of trade; Shanghai Composite down 0.88%

Published 08/06/2015, 03:35 AM
Updated 08/06/2015, 03:35 AM
China stocks lower at close of trade; Shanghai Composite down 0.88%

Investing.com – China stocks were lower after the close on Thursday, as losses in the Travel & Leisure, Real Estate Investments & Services and Telecoms sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.88%, while the SZSE Component index fell 0.82%.

The best performers of the session on the Shanghai Composite were Tongji Tech (SS:600846), which rose 10.04% or 0.930 points to trade at 10.190 at the close. Meanwhile, Lanzhou LS Heavy Equipment Co (SS:603169) added 10.03% or 1.82 points to end at 19.97 and Kingray Tech (SS:600390) was up 10.03% or 1.180 points to 12.950 in late trade.

The worst performers of the session were Greattown-B (SS:900940), which fell 10.01% or 0.104 points to trade at 0.935 at the close. Greattown (SS:600094) declined 9.98% or 1.820 points to end at 16.410 and China Sports (SS:600158) was down 9.05% or 2.230 points to 22.400.

The top performers on the SZSE Component were FSPG Hi-Tech Co Ltd (SZ:000973) which rose 10.04% to 9.10, Wanxiang Qianchao Co Ltd (SZ:000559) which was up 10.02% to settle at 20.53 and Shenzhen Neptunus Bioengineering Co Ltd (SZ:000078) which gained 10.02% to close at 18.88.

The worst performers were Hangzhou Shunwang Tech (SZ:300113) which was down 10.00% to 51.93 in late trade, Shanghai New Culture Media Gr (SZ:300336) which lost 8.75% to settle at 24.50 and Guizhou Space Appliance Co Ltd (SZ:002025) which was down 7.37% to 33.42 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 627 to 341.

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The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.42% to 29.11.

Gold for December delivery was down 0.08% or 0.90 to $1084.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.47% or 0.21 to hit $44.94 a barrel, while the September Brent oil contract fell 0.11% or 0.06 to trade at $49.53 a barrel.

USD/CNY was down 0.00% to 6.2096, while EUR/CNY fell 0.07% to 6.7685.

The US Dollar Index was up 0.01% at 97.98.

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