The Shanghai Composite fell 0.1% to around 4,025, while the Shenzhen Component dropped 0.7% to 13,385 on Friday, trimming gains from the prior session as new Chinese economic data pointed to weak consumer demand and a deepening property slowdown.
Fixed asset investment, including real estate, declined 1.7% for the first ten months of the year, accelerating from a 0.5% fall in September and marking the second contraction since August 2020.
Industrial production and retail sales also slowed in October, highlighting weakening economic activity.
Major losses came from heavyweight firms such as Gigadevice Semiconductor (7.3%), Zhongji Innolight (2.2%), Shannon Semiconductor (5.5%), Eoptolink Technology (3%) and Cambricon Technologies (1.4%).
Meanwhile, China's securities regulatory chief, Wu Qing, has requested approval to step down.
Sumber : tradingview.com
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