Investing.com – China stocks were lower after the close on Friday, as losses in the Banking, Life Insurance and Financials sectors led shares lower.
At the close in Shanghai, the Shanghai Composite fell 1.39%, while the SZSE Component index declined 0.64%.
The best performers of the session on the Shanghai Composite were China Hi-Tech Group Co Ltd (SS:600730), which rose 10.11% or 0.48 points to trade at 5.23 at the close. Meanwhile, Shanghai Shibei Hi-Tech Co Ltd A (SS:600604) added 10.08% or 0.52 points to end at 5.68 and Beijing Electronic Zone Investment and Development Group Co Ltd (SS:600658) was up 10.08% or 0.510 points to 5.570 in late trade.
The worst performers of the session were China Hainan Rubber Industry Group Co Ltd (SS:601118), which fell 10.07% or 0.600 points to trade at 5.360 at the close. Eastern Gold Jade Co Ltd (SS:600086) declined 9.93% or 0.590 points to end at 5.350 and Ningxia Xinri Hengli Steel Wire Rope Co Ltd (SS:600165) was down 8.12% or 0.380 points to 4.300.
The top performers on the SZSE Component were Chuying Agro-Pastoral Group Co Ltd (SZ:002477) which rose 9.77% to 1.91, Zhejiang Jiangshan Chemical Co Ltd (SZ:002061) which was up 7.25% to settle at 10.35 and Shandong Qixing Iron Tower Co Ltd (SZ:002359) which gained 7.01% to close at 10.54.
The worst performers were Shenzhen Kangtai Biological Products Co Ltd (SZ:300601) which was down 10.00% to 36.80 in late trade, Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) which lost 9.95% to settle at 7.06 and Beijing Shouhang Resources Saving Co Ltd (SZ:002665) which was down 9.45% to 3.45 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 924 to 481 and 68 ended unchanged.
Shares in Eastern Gold Jade Co Ltd (SS:600086) fell to 5-year lows; losing 9.93% or 0.590 to 5.350. Shares in Maanshan Fangyuan Slewing Ring Co Ltd (SZ:002147) fell to 3-years lows; down 9.95% or 0.78 to 7.06. Shares in Beijing Shouhang Resources Saving Co Ltd (SZ:002665) fell to 5-year lows; losing 9.45% or 0.36 to 3.45.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 27.16.
Gold Futures for December delivery was down 0.44% or 5.40 to $1220.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.10% or 0.06 to hit $60.61 a barrel, while the January Brent oil contract rose 0.14% or 0.10 to trade at $70.75 a barrel.
USD/CNY was up 0.18% to 6.9470, while EUR/CNY rose 0.00% to 7.8815.
The US Dollar Index Futures was up 0.09% at 96.64.