Investing.com – China stocks were lower after the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Life Insurance and Banking sectors led shares lower.
At the close in Shanghai, the Shanghai Composite declined 0.85%, while the SZSE Component index declined 0.69%.
The best performers of the session on the Shanghai Composite were Zhongmin Energy Co Ltd (SS:600163), which rose 10.09% or 0.340 points to trade at 3.710 at the close. Meanwhile, Harbin Hatou Investment Co Ltd (SS:600864) added 10.08% or 0.51 points to end at 5.57 and Jiangsu Wuzhong Industrial Co Ltd (SS:600200) was up 10.08% or 0.640 points to 6.990 in late trade.
The worst performers of the session were Shenzhen Geoway Co Ltd (SS:600462), which fell 8.20% or 0.360 points to trade at 4.030 at the close. Jiangquan Ind (SS:600212) declined 7.10% or 0.350 points to end at 4.580 and Shanghai Greencourt Investment Group Co Ltd A (SS:600695) was down 6.93% or 0.44 points to 5.91.
The top performers on the SZSE Component were Shenzhen Agricultural Products Co Ltd (SZ:000061) which rose 9.98% to 4.96, Shijiazhuang Changshan Textile Co Ltd (SZ:000158) which was up 9.96% to settle at 5.74 and Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which gained 9.04% to close at 40.28.
The worst performers were Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) which was down 10.02% to 11.05 in late trade, Yantai Jereh Oilfield Services Group Co Ltd (SZ:002353) which lost 9.98% to settle at 18.85 and Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which was down 7.44% to 6.47 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 833 to 569 and 71 ended unchanged.
Shares in Zibo Qixiang Tengda Chemical Co Ltd (SZ:002408) fell to 52-week lows; falling 10.02% or 1.23 to 11.05.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 30.79.
Gold Futures for December delivery was up 0.34% or 4.10 to $1203.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.43% or 0.24 to hit $55.45 a barrel, while the January Brent oil contract fell 0.17% or 0.11 to trade at $65.36 a barrel.
USD/CNY was down 0.10% to 6.9491, while EUR/CNY fell 0.06% to 7.8493.
The US Dollar Index Futures was down 0.21% at 96.94.