Chinese equities close sharply lower to end the week

CSI 300 index fell by 4.4% in trading today

Meanwhile, the Shanghai Composite index also fell by 3.9% but despite the sharp drop in trading today, the weekly performance isn’t that bad for Chinese equities.

On the week, the CSI 300 index is down by 0.9% and from a technical perspective it managed to avoid a key break of recent technical support @ 4,485.82: