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

Saturday, 10 December 2022 12:41 GMT

China stocks lower at close of trade Shanghai Composite down 7.63%

(MENAFN- FxPro) China stocks were lower after the close on Tuesday, as losses in the Telecoms, Mobile and Travel&Leisure sectors led shares lower.

At the close in Shanghai, the Shanghai Composite lost 7.63% to hit a new 6-months low, while the SZSE Component index declined 7.04%.
The best performers of the session on the Shanghai Composite were Cn Fortune Lan (SS:600340), which rose 8.34% or 1.850 points to trade at 24.040 at the close. Meanwhile, Sh Intl Port (SS:600018) added 8.22% or 0.530 points to end at 6.980 and Shenqi Phar (SS:600613) was up 7.40% or 1.440 points to 20.900 in late trade.

The worst performers of the session were Hainan Airline (SS:600221), which fell 10.09% or 0.440 points to trade at 3.920 at the close. Tianjin Dev SS (SS:600322) declined 10.08% or 0.500 points to end at 4.460 and Bj North Star (SS:601588) was down 10.08% or 0.530 points to 4.730.
The top performers on the SZSE Component were Goldleaf Jewelry Co Ltd (SZ:000587) which rose 5.50% to 18.80, Sichuan Jinlu Group Co Ltd (SZ:000510) which was up 4.99% to settle at 10.52 and Gree Electric Appliances Inc of Zhuhai (SZ:000651) which gained 1.52% to close at 17.41.

The worst performers were Pangang Group Vanadium Titanium&Resources Co Ltd (SZ:000629) which was down 10.10% to 3.65 in late trade, Angang Steel Co Ltd (SZ:000898) which lost 10.07% to settle at 5.09 and Jiangsu Sihuan Bioengineering Co Ltd (SZ:000518) which was down 10.06% to 4.83 at the close.
Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 935 to 18.
Shares in Sichuan Jinlu Group Co Ltd (SZ:000510) rose to all time highs; gaining 4.99% or 0.50 to 10.52.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 44.16% to 58.40 a new 3-years high.
Gold for December delivery was down 0.42% or 4.90 to $1148.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.95% or 0.74 to hit $38.98 a barrel, while the October Brent oil contract rose 1.96% or 0.83 to trade at $43.52 a barrel.
USD/CNY was up 0.20% to 6.4174, while EUR/CNY fell 0.36% to 7.4124.
The US Dollar Index was up 0.32% at 93.69.

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.