Investing.com – China stocks were lower after the close on Wednesday, as losses in the Gas, Water & Multiutilities, Travel & Leisure and Software & Computer Services sectors led shares lower.
At the close in Shanghai, the Shanghai Composite declined 5.23%, while the SZSE Component index lost 4.79%.
The best performers of the session on the Shanghai Composite were Sz Expressway (SS:600548), which rose 10.06% or 0.860 points to trade at 9.410 at the close. Meanwhile, Chengtou Holdi (SS:600649) added 10.05% or 0.940 points to end at 10.290 and Gold Jade (SS:600086) was up 10.01% or 5.380 points to 59.150 in late trade.
The worst performers of the session were Hongxing Steel (SS:600307), which fell 10.06% or 0.680 points to trade at 6.080 at the close. Yasheng Indust (SS:600108) declined 10.04% or 1.040 points to end at 9.320 and Zijiang (SS:600210) was down 10.04% or 0.840 points to 7.530.
The top performers on the SZSE Component were Shenzhen Fenda Technology Co Ltd (SZ:002681) which rose 10.01% to 30.21, Shenwu Environmental Tech (SZ:300156) which was up 8.02% to settle at 46.98 and Xian International Medical Investment Co Ltd (SZ:000516) which gained 7.13% to close at 23.13.
The worst performers were Luxi Chemical Group Co Ltd (SZ:000830) which was down 10.04% to 8.96 in late trade, Beijing Centergate Technologies Holding Co Ltd (SZ:000931) which lost 10.03% to settle at 12.65 and Juli Sling Co Ltd (SZ:002342) which was down 10.03% to 8.52 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 900 to 72.
Shares in Chengtou Holdi (SS:600649) rose to 3-years highs; up 10.05% or 0.940 to 10.290. Shares in Gold Jade (SS:600086) rose to all time highs; up 10.01% or 5.380 to 59.150.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.95% to 31.62.
Gold for August delivery was up 0.04% or 0.50 to $1172.30 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 1.93% or 1.15 to hit $58.33 a barrel, while the August Brent oil contract fell 1.57% or 1.00 to trade at $62.59 a barrel.
USD/CNY was up 0.02% to 6.2022, while EUR/CNY fell 0.33% to 6.8903.
The US Dollar Index was up 0.22% at 95.96.