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China stocks lower at close of trade

China stocks were lower after the close on Thursday, as losses in the Oil Equipment Services & Distribution, Software & Computer Services and Technology sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 5.22% to hit a new 3-years low, while the SZSE Component index lost 6.07%.

The best performers of the session on the Shanghai Composite were Gangtai Holdin (SS:600687), which rose 10.05% or 0.370 points to trade at 4.050 at the close. Meanwhile, Hengtong Logistics Co Ltd (SS:603223) added 10.02% or 1.32 points to end at 14.49 and Sichuan Golden Summit Group Joint Stock Co Ltd (SS:600678) was up 9.97% or 0.590 points to 6.510 in late trade.

The worst performers of the session were Anhui Wanwei Updated High-tech Material Industry Co Ltd (SS:600063), which fell 10.15% or 0.270 points to trade at 2.390 at the close. Heilongjiang Interchina Water Treatment Co Ltd (SS:600187) declined 10.14% or 0.290 points to end at 2.570 and Chongqing Dima Industry Co Ltd (SS:600565) was down 10.14% or 0.290 points to 2.570.

The top performers on the SZSE Component were Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which rose 3.36% to 4.31, Jiangsu Shagang Co Ltd (SZ:002075) which was unchanged 0.00% to settle at 33.00 and Guangdong Homa Appliances Co Ltd (SZ:002668) which unchanged 0.00% to close at 20.10.

The worst performers were Guangdong Advertising Co Ltd (SZ:002400) which was down 10.14% to 2.57 in late trade, Tianjin Chase Sun Pharmaceutical Co Ltd (SZ:300026) which lost 10.12% to settle at 3.11 and Goldleaf Jewelry Co Ltd (SZ:000587) which was down 10.10% to 2.58 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 1434 to 21 and 5 ended unchanged.

Shares in Anhui Wanwei Updated High-tech Material Industry Co Ltd (SS:600063) fell to 3-years lows; falling 10.15% or 0.270 to 2.390. Shares in Heilongjiang Interchina Water Treatment Co Ltd (SS:600187) fell to 5-year lows; falling 10.14% or 0.290 to 2.570. Shares in Chongqing Dima Industry Co Ltd (SS:600565) fell to 5-year lows; falling 10.14% or 0.290 to 2.570. Shares in Guangdong Advertising Co Ltd (SZ:002400) fell to 5-year lows; down 10.14% or 0.29 to 2.57. Shares in Tianjin Chase Sun Pharmaceutical Co Ltd (SZ:300026) fell to 5-year lows; falling 10.12% or 0.35 to 3.11. Shares in Goldleaf Jewelry Co Ltd (SZ:000587) fell to 5-year lows; falling 10.10% or 0.29 to 2.58.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was unchanged 0.00% to 28.81 a new 6-months high.

Gold Futures for December delivery was up 0.65% or 7.80 to $1201.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November fell 0.81% or 0.59 to hit $72.58 a barrel, while the December Brent oil contract fell 0.84% or 0.70 to trade at $82.39 a barrel.

USD/CNY was up 0.03% to 6.9266, while EUR/CNY rose 0.32% to 8.0006.

The US Dollar Index Futures was down 0.22% at 95.01.

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