Chinese equities closed 2.44 percent lower on Friday led by heavy weights including shares of banks, property developers and coal producers.
The benchmark Shanghai Composite Index finished the day at 1,871 points, down 2.44 percent or 46 points. The Shenzhen Component Index dropped 0.37 percent, or 24 points, to 6,658.
Losers outnumbered gainers by 594 to 244 in Shanghai and by 503to 223 in Shenzhen. Combined turnover shrank to 73.51 billion yuan(10.5 billion yuan) from 123.48 billion yuan the previous day.
Source:Xinhua
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