Investing.com – China stocks were lower after the close on Wednesday, as losses in the Life Insurance, Oil Equipment Services & Distribution and Telecoms sectors led shares lower.
At the close in Shanghai, the Shanghai Composite fell 1.40% to hit a new 6-months low, while the SZSE Component index fell 1.35%.
The best performers of the session on the Shanghai Composite were Shenzhen Gongjin Electronics Co Ltd (SS:603118), which rose 10.06% or 0.72 points to trade at 7.88 at the close. Meanwhile, Hubei Zhenhua Chemical Co Ltd (SS:603067) added 10.04% or 1.090 points to end at 11.950 and Tianjin Capital Environmental Protection Group Co Ltd (SS:600874) was up 10.02% or 1.250 points to 13.720 in late trade.
The worst performers of the session were SDIC Zhonglu Fruit Juice Co Ltd (SS:600962), which fell 10.02% or 1.440 points to trade at 12.930 at the close. Sanjiang Shopping Club Co Ltd (SS:601116) declined 10.00% or 2.320 points to end at 20.870 and Zhe Jiang Dong Ri Ltd Co (SS:600113) was down 9.99% or 1.350 points to 12.170.
The top performers on the SZSE Component were Beijing VRV Software Corp Ltd (SZ:300352) which rose 10.07% to 4.81, Da An Gene Co Ltd of Sun Yat-Sen University (SZ:002030) which was up 10.00% to settle at 15.73 and Shanghai Kehua Bio-Engineering Co Ltd (SZ:002022) which gained 9.99% to close at 14.42.
The worst performers were Digital China Information Service Co Ltd (SZ:000555) which was down 10.02% to 15.63 in late trade, BYD Co Ltd Class A (SZ:002594) which lost 8.34% to settle at 56.19 and Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 6.23% to 100.50 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 952 to 370 and 39 ended unchanged.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 3.13% to 28.70.
Gold Futures for April delivery was down 0.16% or 2.20 to $1339.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May fell 1.15% or 0.75 to hit $64.50 a barrel, while the June Brent oil contract fell 1.02% or 0.71 to trade at $68.75 a barrel.
USD/CNY was up 0.00% to 6.2835, while EUR/CNY fell 0.09% to 7.7856.
The US Dollar Index Futures was up 0.17% at 89.11.