Investing.com – China stocks were lower after the close on Wednesday, as losses in the Telecoms, Mobile and Life Insurance sectors led shares lower.
At the close in Shanghai, the Shanghai Composite lost 0.26% to hit a new 1-month low, while the SZSE Component index declined 0.58%.
The best performers of the session on the Shanghai Composite were Guodian Nanjing Automation Co Ltd (SS:600268), which rose 10.08% or 0.380 points to trade at 4.150 at the close. Meanwhile, Holsin Engineering Consulting Group Co Ltd (SS:603909) added 10.02% or 2.500 points to end at 27.450 and Wuxi New Hongtai Electrical Technology Co Ltd (SS:603016) was up 10.01% or 1.680 points to 18.470 in late trade.
The worst performers of the session were Changyuan Group Ltd (SS:600525), which fell 10.06% or 0.510 points to trade at 4.560 at the close. Qingdao Topscomm Communication Inc (SS:603421) declined 7.32% or 1.800 points to end at 22.800 and DELIXI XINJIANG Transportation Co Ltd (SS:603032) was down 5.95% or 1.82 points to 28.76.
The top performers on the SZSE Component were XJ Electric Co Ltd (SZ:000400) which rose 6.13% to 9.35, Yintai Resources Co Ltd (SZ:000975) which was up 5.53% to settle at 9.93 and Shenzhen Grandland Decoration Group Co Ltd (SZ:002482) which gained 5.15% to close at 5.72.
The worst performers were China West Construction Group Co Ltd (SZ:002302) which was down 10.02% to 9.25 in late trade, Zhonghong Holding Co Ltd (SZ:000979) which lost 8.70% to settle at 0.21 and Guangdong Eastone Century Technology Co Ltd (SZ:300310) which was down 5.18% to 5.31 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 766 to 604 and 104 ended unchanged.
Shares in Changyuan Group Ltd (SS:600525) fell to 5-year lows; falling 10.06% or 0.510 to 4.560. Shares in China West Construction Group Co Ltd (SZ:002302) fell to 52-week lows; falling 10.02% or 1.03 to 9.25. Shares in Zhonghong Holding Co Ltd (SZ:000979) fell to all time lows; down 8.70% or 0.02 to 0.21.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 31.03 a new 1-month high.
Gold Futures for February delivery was up 0.31% or 3.95 to $1275.75 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 0.19% or 0.08 to hit $42.61 a barrel, while the March Brent oil contract fell 0.75% or 0.38 to trade at $50.39 a barrel.
USD/CNY was down 0.00% to 6.8990, while EUR/CNY rose 0.01% to 7.8660.
The US Dollar Index Futures was up 0.11% at 96.110.