Chinese shares fall at week's end after overnight loss on Wall Street

Chinese equities tumbled on Friday following a heavy slump overnight on the Wall Street as concerns about U.S. economic slump worsened.

The Shanghai Composite Index sank 3.29 percent, or 74.97 points, to 2,202.45. The key index has declined more than 58 percent this year and more than 63 percent from its peak in October.

In Shenzhen, the market fell 2.8 percent, or 209.4 points, to 7,264.2. Aggregate turnover expanded to 42.55 billion yuan from 38.99 billion yuan on the previous trading day.

Losses outnumbered gains by 827-47 in Shanghai and 702-32 in Shenzhen.

Source:Xinhua