Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

China stocks lower at close of trade; Shanghai Composite down 0.85%

Published 10/16/2018, 03:35 AM
Updated 10/16/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 0.85%

Investing.com – China stocks were lower after the close on Tuesday, as losses in the Software & Computer Services, Technology and Media sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 0.85% to hit a new 3-years low, while the SZSE Component index declined 1.95%.

The best performers of the session on the Shanghai Composite were Shanghai Laimu Electronics Co Ltd (SS:603633), which rose 10.04% or 1.020 points to trade at 11.180 at the close. Meanwhile, YanTai Yuancheng Gold Co Ltd (SS:600766) added 10.02% or 0.590 points to end at 6.480 and Bomin Electronics Co Ltd (SS:603936) was up 10.00% or 1.390 points to 15.290 in late trade.

The worst performers of the session were Shanghai Hongda Mining Co Ltd (SS:600532), which fell 10.06% or 0.490 points to trade at 4.380 at the close. Joincare Pharmaceutical Group Industry Co Ltd (SS:600380) declined 10.05% or 0.840 points to end at 7.520 and Shanghai Material Trading Co Ltd A (SS:600822) was down 10.02% or 1.050 points to 9.430.

The top performers on the SZSE Component were Goldleaf Jewelry Co Ltd (SZ:000587) which rose 10.13% to 2.50, Guangdong Golden Dragon Development Inc (SZ:000712) which was up 9.88% to settle at 8.01 and Xingyuan Environment Technology Co Ltd (SZ:300266) which gained 9.87% to close at 3.45.

The worst performers were Iflytek Co Ltd (SZ:002230) which was down 10.02% to 20.30 in late trade, Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) which lost 10.01% to settle at 14.20 and Beijing Sinnet Technology Co Ltd (SZ:300383) which was down 10.01% to 12.94 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1209 to 219 and 36 ended unchanged.

Shares in Joincare Pharmaceutical Group Industry Co Ltd (SS:600380) fell to 3-years lows; losing 10.05% or 0.840 to 7.520. Shares in Iflytek Co Ltd (SZ:002230) fell to 52-week lows; falling 10.02% or 2.26 to 20.30.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 0.67% to 28.32.

Gold Futures for December delivery was up 0.11% or 1.30 to $1231.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.43% or 0.31 to hit $71.47 a barrel, while the December Brent oil contract fell 0.38% or 0.31 to trade at $80.47 a barrel.

USD/CNY was up 0.06% to 6.9209, while EUR/CNY rose 0.18% to 8.0231.

The US Dollar Index Futures was down 0.06% at 94.71.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.