China stocks close down more than 11% for week

Shanghai - China stocks closed down sharply on Friday, posting their worst weekly performance in over a month.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 4.6% to 3 589.54, its weakest performance since mid-June.

The Shanghai Composite Index lost 4.2% to 3 507.74 points, the sharpest weekly drop since the week ending July 3.

For the week, the CSI300 tumbled 11.9% and the SSEC dropped 11.5%.

Total volume of A shares traded in Shanghai was 36.9 billion shares, while Shenzhen volume was 26.0 billion shares.