China stocks retreat on profit taking

26.10.2020

China stocks ended lower on Friday, posting weekly losses, as investors locked in profits in consumer and healthcare stocks on concerns over lofty valuations.

At the close, the Shanghai Composite index was down 1.04% at 3,278.00, while the blue-chip CSI300 index lost 1.25%.

The smaller Shenzhen index ended down 1.9% and the...