Investing.com – China stocks were lower after the close on Wednesday, as losses in the Life Insurance, Electricity and Banking sectors led shares lower.
At the close in Shanghai, the Shanghai Composite lost 1.15% to hit a new 3-years low, while the SZSE Component index declined 1.25%.
The best performers of the session on the Shanghai Composite were Beijing Airport High-Tech Park Co Ltd (SS:600463), which rose 10.06% or 0.720 points to trade at 7.880 at the close. Meanwhile, Eastern Communications Co Ltd A (SS:600776) added 10.03% or 1.150 points to end at 12.620 and Start Group (SS:600734) was up 10.03% or 0.630 points to 6.910 in late trade.
The worst performers of the session were Kangmei Pharmaceutical Co Ltd (SS:600518), which fell 9.99% or 0.920 points to trade at 8.290 at the close. Hubei Jumpcan Pharmaceutical Co Ltd (SS:600566) declined 9.99% or 3.350 points to end at 30.180 and Zijin Mining Group Co Ltd Class A (SS:601899) was down 9.88% or 0.330 points to 3.010.
The top performers on the SZSE Component were Zhongfu Straits Pingtan Development Co Ltd (SZ:000592) which rose 10.11% to 2.94, Guangzhou Haige Communications Group Incorporated Co (SZ:002465) which was up 5.51% to settle at 8.23 and Wangsu Science Tech (SZ:300017) which gained 4.98% to close at 8.22.
The worst performers were Zhongtian Urban Development Group Co Ltd (SZ:000540) which was down 10.06% to 4.38 in late trade, Zhejiang Huace Film TV Co (SZ:300133) which lost 10.04% to settle at 8.06 and Huadong Medicine Co Ltd (SZ:000963) which was down 10.02% to 23.81 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 808 to 583 and 88 ended unchanged.
Shares in Kangmei Pharmaceutical Co Ltd (SS:600518) fell to 3-years lows; losing 9.99% or 0.920 to 8.290. Shares in Eastern Communications Co Ltd A (SS:600776) rose to 3-years highs; up 10.03% or 1.150 to 12.620. Shares in Hubei Jumpcan Pharmaceutical Co Ltd (SS:600566) fell to 52-week lows; falling 9.99% or 3.350 to 30.180. Shares in Zijin Mining Group Co Ltd Class A (SS:601899) fell to 52-week lows; losing 9.88% or 0.330 to 3.010. Shares in Zhongtian Urban Development Group Co Ltd (SZ:000540) fell to 52-week lows; losing 10.06% or 0.49 to 4.38. Shares in Zhejiang Huace Film TV Co (SZ:300133) fell to 5-year lows; down 10.04% or 0.90 to 8.06. Shares in Huadong Medicine Co Ltd (SZ:000963) fell to 52-week lows; falling 10.02% or 2.65 to 23.81.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 26.49.
Gold Futures for February delivery was up 0.43% or 5.55 to $1286.85 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February fell 1.92% or 0.88 to hit $44.92 a barrel, while the March Brent oil contract fell 1.66% or 0.90 to trade at $53.22 a barrel.
USD/CNY was down 0.27% to 6.8574, while EUR/CNY fell 0.14% to 7.8716.
The US Dollar Index Futures was down 0.20% at 95.502.