Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.33 percent to 3,593.66 points.
The Shenzhen Component Index declined 0.22 percent to 11,168.14 points.
The combined turnover of these two indices stood at 1.7873 trillion yuan, down 57.369 billion yuan from the previous trading day.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, fell 0.23 percent to close at 2,340.06 points.
Timothy Pope, a market analyst, recapped Friday's Chinese stock market performance as follows:
"The index is also eying the 3,600-point milestone, which would be a big one for the Shanghai Composite as well. There have been plenty of reasons for investor optimism this week. In several sectors, steel stocks climbed from Monday to Wednesday, alongside rising metals and coal prices. There were also gains for solar panel companies and other green energy tech firms. These are all sectors where China is a global production leader.
"Further gains followed amid growing optimism that China and the U.S. can come to some kind of trade deal. U.S. Treasury Secretary Scott Bessent said he is going to have more meetings with Chinese Commerce Ministry officials next week in Sweden," he said.
Chinese shares close lower on Friday
