Investing.com – China stocks were lower after the close on Tuesday, as losses in the Telecoms, Mobile and Electricity sectors led shares lower.
At the close in Shanghai, the Shanghai Composite lost 4.06%, while the SZSE Component index lost 4.22%.
The best performers of the session on the Shanghai Composite were Huayin Elec (SS:600744), which rose 10.04% or 0.910 points to trade at 9.970 at the close. Meanwhile, Silver Plaza (SS:600858) added 10.02% or 1.310 points to end at 14.390 and Gofar (SS:600538) was up 10.02% or 1.000 points to 10.980 in late trade.
The worst performers of the session were Metallurgical (SS:601618), which fell 10.03% or 1.080 points to trade at 9.690 at the close. Nanfang Textle (SS:600483) declined 10.02% or 1.580 points to end at 14.190 and Shanghai Elec (SS:600021) was down 10.01% or 2.910 points to 26.160.
The top performers on the SZSE Component were Suzhou Gold Mantis Construction Decoration Co Ltd (SZ:002081) which rose 2.28% to 30.90, Goertek Inc (SZ:002241) which was up 0.65% to settle at 32.47 and Suning Commerce Group Co Ltd (SZ:002024) which gained 0.43% to close at 14.01.
The worst performers were ZTE Corp (SZ:000063) which was down 7.77% to 28.50 in late trade, Financial Street Holdings Co Ltd (SZ:000402) which lost 7.17% to settle at 13.20 and Zoomlion Heavy Industry Science and Technology Co Ltd (SZ:000157) which was down 6.89% to 7.43 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 854 to 112.
Shares in Huayin Elec (SS:600744) rose to all time highs; gaining 10.04% or 0.910 to 9.970. Shares in Silver Plaza (SS:600858) rose to 3-years highs; up 10.02% or 1.310 to 14.390. Shares in Gofar (SS:600538) rose to 3-years highs; rising 10.02% or 1.000 to 10.980.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.62% to 29.31.
Gold for June delivery was up 0.03% or 0.40 to $1187.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 0.13% or 0.07 to hit $58.85 a barrel, while the June Brent oil contract fell 0.09% or 0.06 to trade at $66.39 a barrel.
USD/CNY was down 0.05% to 6.2052, while EUR/CNY fell 0.51% to 6.8875.
The US Dollar Index was up 0.30% at 95.87.