Shanghai Composite Index Fell 1.64% on Friday

China’s benchmark Shanghai Composite Index (000001.SH) lost 1.64% on Friday, while the Shenzhen Component Index (399001.SZ) fell 1.52%.

Shanghai’s tech-heavy STAR 50 Index (000688.SH) lost 0.42% for the day, while Shenzhen’s similar ChiNext Index (399006.SZ) fell 2.08%.

Below is a rundown of the top China business and finance stories, plus other news for the day:

· Covid Lockdowns Sink China’s Second-Quarter GDP Growth to 0.4%