China stocks lower at close of trade Shanghai Composite down...| MENAFN.COM

Saturday, 10 December 2022 03:05 GMT

China stocks lower at close of trade Shanghai Composite down 3.49%

(MENAFN- FxPro) China stocks were lower after the close on Thursday, as losses in the Travel&Leisure, Retailers and Gas, Water&Multiutilities sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 3.49% to hit a new 1-month low, while the SZSE Component index declined 5.32%.

The best performers of the session on the Shanghai Composite were Cn Citic Bank (SS:601998), which rose 10.03% or 0.740 points to trade at 8.120 at the close. Meanwhile, Taiji Indust (SS:600667) added 10.03% or 0.640 points to end at 7.020 and Lawton Develop (SS:600209) was up 10.03% or 1.180 points to 12.950 in late trade.

The worst performers of the session were Shandong Iron (SS:600022), which fell 10.07% or 0.540 points to trade at 4.820 at the close. Bj North Star (SS:601588) declined 10.06% or 0.710 points to end at 6.350 and Dalong Weiye (SS:600159) was down 10.05% or 0.740 points to 6.620.

The top performers on the SZSE Component were Shanghai New Culture Media Gr (SZ:300336) which rose 10.01% to 25.17, Wonders Information (SZ:300168) which was up 5.35% to settle at 54.00 and Leshi Internet Info Tech (SZ:300104) which gained 4.93% to close at 57.50.

The worst performers were Yunnan Aluminium Co Ltd (SZ:000807) which was down 10.05% to 6.80 in late trade, Tianjin Economic-technological Development Area Co Ltd (SZ:000652) which lost 10.04% to settle at 8.24 and Luxi Chemical Group Co Ltd (SZ:000830) which was down 10.04% to 8.06 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 911 to 56.

Shares in Taiji Indust (SS:600667) rose to all time highs; gaining 10.03% or 0.640 to 7.020.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 2.12% to 30.95.
Gold for August delivery was down 0.50% or 5.80 to $1163.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.24% or 0.14 to hit $57.09 a barrel, while the August Brent oil contract rose 0.56% or 0.35 to trade at $62.36 a barrel.
USD/CNY was up 0.05% to 6.2048, while EUR/CNY rose 0.13% to 6.8625.
The US Dollar Index was up 0.12% at 96.59.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.