Investing.com – China stocks were lower after the close on Friday, as losses in the Gas, Water & Multiutilities, Retailers and Utilities sectors led shares lower.
At the close in Shanghai, the Shanghai Composite fell 5.84% to hit a new 3-months low, while the SZSE Component index lost 5.25%.
The best performers of the session on the Shanghai Composite were Sz Expressway (SS:600548), which rose 10.06% or 0.900 points to trade at 9.850 at the close. Meanwhile, China Molybden (SS:603993) added 10.05% or 1.010 points to end at 11.060 and Taiji Indust (SS:600667) was up 9.97% or 0.700 points to 7.720 in late trade.
The worst performers of the session were Tengda Constr (SS:600512), which fell 10.07% or 0.570 points to trade at 5.090 at the close. Gd Power (SS:600795) declined 10.07% or 0.580 points to end at 5.180 and Metallurgical (SS:601618) was down 10.07% or 0.610 points to 5.450.
The top performers on the SZSE Component were Yintai Resources Co Ltd (SZ:000975) which rose 10.03% to 15.36, Zhejiang Huace Film TV Co (SZ:300133) which was up 9.20% to settle at 27.89 and Wangsu Science Tech (SZ:300017) which gained 8.33% to close at 52.00.
The worst performers were Luxi Chemical Group Co Ltd (SZ:000830) which was down 10.05% to 7.25 in late trade, Henan Shenhuo Coal & Power Co Ltd (SZ:000933) which lost 10.05% to settle at 6.89 and Guangdong Orient Zirconic Ind Sci & Tech Co Ltd (SZ:002167) which was down 10.04% to 8.87 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 923 to 35.
Shares in Taiji Indust (SS:600667) rose to all time highs; rising 9.97% or 0.700 to 7.720.
The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.07% to 30.31.
Gold for August delivery was up 0.39% or 4.50 to $1168.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.64% or 0.36 to hit $56.56 a barrel, while the August Brent oil contract fell 0.68% or 0.42 to trade at $61.65 a barrel.
USD/CNY was up 0.01% to 6.2054, while EUR/CNY rose 0.20% to 6.8907.
The US Dollar Index was down 0.16% at 96.13.