SHANGHAI: China stocks ended lower on Friday after the Trump administration unveiled a plan to ban U.S. transactions with ByteDance's TikTok and Tencent-owned WeChat, but posted weekly gains on upbeat trade data.
The blue-chip CSI300 index dropped as much as 2.6% before ending 1.2% lower at 4,707.93, while the Shanghai Composite Index lost 1% to 3,354.04 after falling 2.3% earlier in the session.
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