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China stocks lower at close of trade; Shanghai Composite down 2.00%

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TurboForex – China stocks were lower after the close on Monday, as losses in the Software&Computer Services, Telecoms and Mobile sectors led shares lower.

At the close in Shanghai, the Shanghai Composite fell 2.00%, while the SZSE Component index lost 2.19%.

The best performers of the session on the Shanghai Composite were Cosco Shipping (SS:600428), which rose 10.04% or 1.280 points to trade at 14.030 at the close. Meanwhile, Jlec (SS:601518) added 10.03% or 0.970 points to end at 10.640 and Ningbo Marine (SS:600798) was up 10.02% or 1.260 points to 13.830 in late trade.

The worst performers of the session were Kingdom SS (SS:600446), which fell 10.00% or 22.040 points to trade at 198.370 at the close. Hundsun Tech (SS:600570) declined 10.00% or 16.620 points to end at 149.550 and Autom Instru (SS:600848) was down 10.00% or 3.520 points to 31.690.

The top performers on the SZSE Component were Yunnan Baiyao Group Co Ltd (SZ:000538) which rose 10.00% to 83.61, Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) which was up 9.27% to settle at 13.20 and Wuliangye Yibin Co Ltd (SZ:000858) which gained 5.10% to close at 32.38.

The worst performers were Huayi Brothers Media Corp (SZ:300027) which was down 9.67% to 57.43 in late trade, Leshi Internet Info Tech (SZ:300104) which lost 7.48% to settle at 66.15 and Hangzhou Hikvision Digital Technology Co Ltd (SZ:002415) which was down 6.68% to 44.28 at the close.

Falling stocks outnumbered advancing ones on the Shanghai Stock Exchange by 633 to 320.

Shares in Cosco Shipping (SS:600428) rose to 3-years highs; up 10.04% or 1.280 to 14.030. Shares in Jlec (SS:601518) rose to all time highs; gaining 10.03% or 0.970 to 10.640. Shares in Ningbo Marine (SS:600798) rose to all time highs; rising 10.02% or 1.260 to 13.830. Shares in Yunnan Baiyao Group Co Ltd (SZ:000538) rose to all time highs; up 10.00% or 7.60 to 83.61. Shares in Shenzhen Overseas Chinese Town Co Ltd (SZ:000069) rose to 52-week highs; rising 9.27% or 1.12 to 13.20. Shares in Wuliangye Yibin Co Ltd (SZ:000858) rose to 52-week highs; rising 5.10% or 1.57 to 32.38.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was up 1.72% to 30.10.

Gold for August delivery was up 0.23% or 2.70 to $1181.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August fell 0.07% or 0.04 to hit $60.36 a barrel, while the August Brent oil contract rose 0.11% or 0.07 to trade at $64.71 a barrel.

USD/CNY was up 0.01% to 6.2092, while EUR/CNY fell 0.25% to 6.9754.

The US Dollar Index was up 0.20% at 95.43.

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