China stocks ended weaker on Friday, as investors kept a cautious stance ahead of data that was released after market hours, while U.S. tariff threats continued to weigh.
At close, the Shanghai Composite index was down 1% at at 2,881.97 points, but still ended up 1.9% for the week. The blue-chip CSI300 index closed 0.8% lower, but 2.5% higher week-on-week. CSI300’s financial sector sub-index closed lower by 0.6%, the consumer staples sector ended down 0.4%, the real estate index ended up 0.3% and the healthcare sub-index was flat. The smaller Shenzhen index was down 1.8% and the start-up board ChiNext Composite index was weaker by 1.7%.
China's industrial output growth unexpectedly slowed to a more than 17-year low in May, official data showed after market hours on Friday, adding that the country's investment also cooled, in the latest sign of weakening demand in the world’s second-largest economy as the United States ramps up trade pressure. Real estate investment rose 11.2% in the first five months of the year in annual terms, slowing from 11.9% in the January-April period, official data showed on Friday.
Source : Reuters