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China stocks lower at close of trade; Shanghai Composite down 2.26%

Published 10/23/2018, 03:35 AM
© Reuters.  China stocks lower at close of trade; Shanghai Composite down 2.26%
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Investing.com – China stocks were lower after the close on Tuesday, as losses in the Life Insurance, Technology Hardware & Equipment and Technology sectors led shares lower.

At the close in Shanghai, the Shanghai Composite declined 2.26%, while the SZSE Component index declined 2.24%.

The best performers of the session on the Shanghai Composite were Shanghai Greencourt Investment Group Co Ltd A (SS:600695), which rose 10.10% or 0.29 points to trade at 3.16 at the close. Meanwhile, Shenyang Commercial City Co Ltd (SS:600306) added 10.02% or 0.58 points to end at 6.37 and Wuhan Hanshang Group Co Ltd (SS:600774) was up 10.02% or 1.040 points to 11.420 in late trade.

The worst performers of the session were Kangmei Pharmaceutical Co Ltd (SS:600518), which fell 10.01% or 1.410 points to trade at 12.680 at the close. Danhua Chemical Technology Co Ltd A (SS:600844) declined 10.00% or 0.380 points to end at 3.420 and Xilinmen Furniture Co Ltd (SS:603008) was down 10.00% or 1.230 points to 11.070.

The top performers on the SZSE Component were Shaanxi J&R Fire Protection Co Ltd (SZ:300116) which rose 10.07% to 1.64, Sealand Securities Co Ltd (SZ:000750) which was up 10.00% to settle at 3.52 and Beijing Originwater Technology (SZ:300070) which gained 6.30% to close at 8.61.

The worst performers were Jiangsu Sanyou Group Co Ltd (SZ:002044) which was down 10.01% to 13.21 in late trade, Wonders Information (SZ:300168) which lost 9.96% to settle at 11.48 and Jiangsu Yanghe Brewery Joint-Stock Co Ltd (SZ:002304) which was down 9.61% to 109.90 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1182 to 253 and 30 ended unchanged.

Shares in Kangmei Pharmaceutical Co Ltd (SS:600518) fell to 52-week lows; falling 10.01% or 1.410 to 12.680. Shares in Danhua Chemical Technology Co Ltd A (SS:600844) fell to 5-year lows; losing 10.00% or 0.380 to 3.420. Shares in Xilinmen Furniture Co Ltd (SS:603008) fell to 3-years lows; down 10.00% or 1.230 to 11.070. Shares in Jiangsu Sanyou Group Co Ltd (SZ:002044) fell to 52-week lows; losing 10.01% or 1.47 to 13.21. Shares in Wonders Information (SZ:300168) fell to 5-year lows; losing 9.96% or 1.27 to 11.48.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 28.62.

Gold Futures for December delivery was up 1.09% or 13.30 to $1234.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.25% or 0.17 to hit $69.00 a barrel, while the December Brent oil contract fell 0.69% or 0.55 to trade at $79.28 a barrel.

USD/CNY was down 0.12% to 6.9390, while EUR/CNY fell 0.10% to 7.9572.

The US Dollar Index Futures was down 0.07% at 95.68.

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