The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 1.45 percent lower at 1,817.68 points on Friday.
The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 1.01 percent lower at 1,553.39 points.
The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.
China's STAR Composite Index closes lower Friday
Panama declared a state of emergency on Saturday to coordinate relief efforts and assist communities affected by a powerful earthquake that struck the country Friday.
The 7.6-magnitude earthquake struck Panama at 12:56 local time Friday, with its epicenter about 39 km northwest of Tonosi in Los Santos province, damaging homes, schools, health facilities, roads and public buildings across several parts of the country.
The quake has left 27 people injured as of present, according to Panama's National Civil Protection System.
Presidency Minister Juan Carlos Orillac told a press conference at the presidential palace that the declaration would ensure government agencies remain on standby and have the resources needed to assist those affected.
Orillac said President Jose Raul Mulino had ordered the creation of a commission to coordinate relief operations, manage resources and address the needs of affected communities.
The government has also set up donation collection centers, including one at Omar Park in Panama City, while provincial government offices will serve as additional collection points, he said.
Panamanian authorities continue to assess the damage and coordinate emergency response efforts.
Panama declares state of emergency after powerful quake
