Chinese shares continued to lose ground on Friday amid lingering concerns over possible interest-rate hikes and government measures to control inflation, but most of the losses were recouped late in the afternoon session.
China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,962.67 on Friday, down 8.58 points, or 0.22 percent, from the previous close.
The Shenzhen Component Index on the Shenzhen Stock Exchange closed at 13,817.65, a decline of 125.50 points, or 0.90 percent over the previous trading day.
The Hushen 300 Index reflecting the performance of China's Shanghai and Shenzhen stock exchanges closed at 4,157.87 on Friday, shrunk 41.09 points, or 0.98 percent.
Aggregate turnover on the two stock markets totaled 93 billion yuan (13.3 billion US. dollars), a sharp decrease from yesterday's 139.36 billion yuan.
Losses outnumbered gains by 462 to 322 in Shanghai and by 353 to 255 in Shenzhen.
Source:Xinhua
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