China stocks edged lower after its close on Thursday, with losses in the Technology Hardware & Equipment, Technology, and Software & Computer Services sectors dragging shares lower.
The Shanghai Composite decreased 1.38 percent at the close in Shanghai, reaching a new 52-week low. The SZSE Component index dropped 1.94 percent.
Nanjing Inform Storage Equipment Group Co Ltd gained 10.02 percent, or 0.90 points to trade 9.88 at the close, making it the best performer of the session on the Shanghai Composite. Xining Special Steel Co Ltd swelled 9.98 percent or 0.500 points, ending at 5.510. Wintime Energy Co Ltd rose 9.94 percent or 0.160 points to 1.770 in late trade.
On the other hand, the worst performer on the session was Ningbo Bird Co Ltd, whose shares plummeted to 3-year low, dropping 10.11 percent or 0.360 points to 3.200. Shangdong Huapeng Glas Co Ltd decreased 10.05 percent or 0.780 points, ending at 6.980, which is also its 3-year low. Guangzhou Yuetai Group Co Ltd fell 10.04 percent or 0.480 points to 4.300, which is its 52-week low.
Meanwhile, the top performer on the SZSE Component was Cangzhou Mingzhu Plastic Co Ltd, rising 10.07 percent to 4.81. Shenzhen Minkave Technology Co Ltd perked up 9.96 percent, settling at 23.30, while Zhejiang Nhu Co Ltd increased 8.48 percent, closing at 17.79.
On the flip side, the worst performer was ZTE Corp, falling down 10.01 percent to 16.64 during the late trade. Zhuhai Orbita Control Eng dropped 10.00 percent, closing at 10.98. Tonghua Golden-Horse Pharmaceutical Industry Co Ltd plummeted 10.00 percent to 12.24 at the close.
There were more falling stocks than rising ones on the Shanghai Stock Exchange by 1142 to 215, while 35 were unmoved.
The CBOE China Etf Volatility, which gauges the implied volatility of Shanghai Composite options, was unchanged at 20.95.
Meanwhile, US futures inched lower on Thursday as the global trade tensions led by the US-China trade spat kept investors feeling jittery.
The S&P 500 futures dropped 7 points or 0.25 percent to 2,765.0. Dow futures lost 85 points or 0.34 percent to 24,585.0. Tech-heavy Nasdaq 100 futures lost 18 points to 0.25 percent to 7,294.75.
Market participants expect that the European Union will impose tariffs on about $3.4 billion worth of US imports on Friday. It is expected to include motorcycles, orange juice, and cranberry sauce. The anticipated tariffs have increased to the tensions as investors fear on edge on the apparent trade war between China, the EU, and the US.
Semiconductor Micron Technology Inc was one of the best performers in the US pre-market trading, swelling 4.26 percent after its earnings results topped market expectations. Verizon Communications Inc jumped 2.60 percent after it received an improved rating from Deutsche Bank. Telecom giant Netflix perked up 0.90 percent.
In Europe, Germany’s DAX lost 120 points or 0.95 percent. France’s CAC 40 shrunk 21 points or 0.40 percent, while London’s FTSE 100 slid 1 point or 0.01 percent. The pan-European Euro Stoxx 50 dropped 21 points or 0.62 percent, while Spain’s IBEX 35 dipped 62 points or 0.64 percent.
Learn more about the most recent and most relevant stock market news around the world by following us and keeping yourself in the loop!