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China stocks lower at close of trade; Shanghai Composite down 1.23%

Stock MarketsAug 08, 2018 03:35AM ET
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© Reuters. China stocks lower at close of trade; Shanghai Composite down 1.23%

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

At the close in Shanghai, the Shanghai Composite lost 1.23%, while the SZSE Component index lost 2.02%.

The best performers of the session on the Shanghai Composite were Xinjiang Talimu Agriculture Development Co Ltd (SS:600359), which rose 10.04% or 0.510 points to trade at 5.590 at the close. Meanwhile, Yunnan Bowin Technology Industry Co Ltd (SS:600883) added 10.00% or 0.680 points to end at 7.480 and Shanghai Tianchen Co Ltd (SS:600620) was up 10.00% or 0.610 points to 6.710 in late trade.

The worst performers of the session were Shandong Lukang Pharmaceutical Co Ltd (SS:600789), which fell 10.01% or 1.190 points to trade at 10.700 at the close. Anzheng Fashion Group Co Ltd (SS:603839) declined 10.01% or 1.44 points to end at 12.94 and Anhui Sun Create Electronics Co Ltd (SS:600990) was down 10.00% or 3.710 points to 33.400.

The top performers on the SZSE Component were Talkweb Information System Co Ltd (SZ:002261) which rose 10.06% to 5.580, Zhejiang Semir Garment Co Ltd (SZ:002563) which was up 5.56% to settle at 11.21 and CCOOP Group Co Ltd (SZ:000564) which gained 5.12% to close at 3.49.

The worst performers were China High-Speed Railway Technology (SZ:000008) which was down 10.09% to 4.01 in late trade, Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) which lost 10.02% to settle at 9.25 and Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which was down 10.00% to 37.16 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1108 to 280 and 40 ended unchanged.

Shares in Anzheng Fashion Group Co Ltd (SS:603839) fell to all time lows; down 10.01% or 1.44 to 12.94. Shares in Anhui Sun Create Electronics Co Ltd (SS:600990) fell to 3-years lows; falling 10.00% or 3.710 to 33.400. Shares in China High-Speed Railway Technology (SZ:000008) fell to 3-years lows; down 10.09% or 0.45 to 4.01. Shares in Tonghua Golden-Horse Pharmaceutical Industry Co Ltd (SZ:000766) fell to 52-week lows; falling 10.02% or 1.03 to 9.25.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 4.25% to 21.38.

Gold Futures for December delivery was up 0.35% or 4.30 to $1222.60 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September fell 0.04% or 0.03 to hit $69.14 a barrel, while the October Brent oil contract fell 0.12% or 0.09 to trade at $74.56 a barrel.

USD/CNY was down 0.22% to 6.8170, while EUR/CNY fell 0.08% to 7.9175.

The US Dollar Index Futures was down 0.13% at 94.88.

China stocks lower at close of trade; Shanghai Composite down 1.23%
 

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