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China: Stocks track global markets lower, but still up for the week

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China stocks fell nearly 2 per cent on Friday, breaking a four-day winning streak, dragged down by weakness in global markets, but the main indexes were still up for the week.

[SHANGHAI] China stocks fell nearly 2 per cent on Friday, breaking a four-day winning streak, dragged down by weakness in global markets, but the main indexes were still up for the week.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.9 per cent, to 3,677.59, while the Shanghai Composite Index lost 1.7 per cent, to 3,524.99 points.

For the week, the CSI300 was up 3.4 per cent, while the SSEC was 2.6 per cent firmer.

Banking and real estate shares pulled back sharply following strong rallies recently.

Total turnover of A shares traded in Shanghai was 24.9 billion lots, while Shenzhen volume was 26.7 billion lots.

REUTERS

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