Investing.com – China stocks were lower after the close on Wednesday, as losses in the Telecoms, Mobile and Oil Equipment Services & Distribution sectors led shares lower.
At the close in Shanghai, the Shanghai Composite fell 0.61%, while the SZSE Component index lost 0.32%.
The best performers of the session on the Shanghai Composite were Taiyuan Chemical Industry Co Ltd (SS:600281), which rose 10.05% or 0.390 points to trade at 4.270 at the close. Meanwhile, Xinhua Winshare Publishing and Media Co Ltd (SS:601811) added 10.03% or 1.140 points to end at 12.510 and Zhonglu Co Ltd A (SS:600818) was up 10.00% or 1.200 points to 13.200 in late trade.
The worst performers of the session were Jiangsu Sunrain Solar Energy Co Ltd (SS:603366), which fell 10.04% or 0.530 points to trade at 4.750 at the close. Tianjin Hi-Tech Development Co Ltd (SS:600082) declined 10.02% or 0.520 points to end at 4.670 and Luxin Venture Capital Group Co Ltd (SS:600783) was down 10.02% or 1.860 points to 16.710.
The top performers on the SZSE Component were Meisheng Cultural & Creative Corp Ltd (SZ:002699) which rose 10.08% to 6.77, Jiangsu Jiujiujiu Technology Co Ltd (SZ:002411) which was up 10.00% to settle at 24.43 and Sungrow Power Supply Co Ltd (SZ:300274) which gained 9.98% to close at 9.26.
The worst performers were Zhonghong Holding Co Ltd (SZ:000979) which was down 7.14% to 0.26 in late trade, Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which lost 5.52% to settle at 5.13 and Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 4.98% to 4.77 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1110 to 328 and 38 ended unchanged.
Shares in Zhonghong Holding Co Ltd (SZ:000979) fell to all time lows; falling 7.14% or 0.02 to 0.26. Shares in Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) fell to 5-year lows; falling 4.98% or 0.25 to 4.77.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 10.98% to 26.29.
Gold Futures for February delivery was down 0.50% or 6.20 to $1240.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January fell 1.28% or 0.68 to hit $52.57 a barrel, while the February Brent oil contract fell 1.30% or 0.81 to trade at $61.27 a barrel.
USD/CNY was up 0.41% to 6.8651, while EUR/CNY rose 0.34% to 7.7815.
The US Dollar Index Futures was up 0.13% at 97.025.