China stocks ended down on Friday, as investors were cautious amid concerns over the Sino-U.S. trade friction.
The blue-chip CSI300 index ended 0.4 percent down at 3,521.23, while the Shanghai Composite Index closed 0.3 percent lower at 2,873.59 points. For the week, SSEC was up 1.6 percent, while CSI300 gained 0.8 percent.
The United States signalled on Thursday it is set to push ahead on trade talks with Canada and Mexico after agreeing to suspend hostilities over tariffs with Europe in a fragile deal that may clear the way for renewed pressure on China. Chinese and U.S. envoys presented radically differing visions of Beijing's economic model at the World Trade Organization on Thursday, a choice between “the world’s most protectionist economy” and a growth story that has benefited all countries.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.34 percent, while Japan's Nikkei index closed 0.56 percent higher. At 0702 GMT, the yuan was quoted at 6.8102 per U.S. dollar, 0.38 percent weaker than previous close of 6.7845.
Source : Reuters