HONG KONG, June 6 China shares posted their
first weekly loss in four, as investors pulled money out of the
market while awaiting direction from major economic data in the
The Shanghai Composite Index ended down 0.5 percent
at 2,029.96 points. The CSI300 of the leading Shanghai
and Shenzhen A-share listings shed 0.7 percent.
On the week, the SSEC lost 0.5 percent, while the CSI300 was
down 1 percent.
Mid-sized banks were the key underperformers on Friday.
China Merchants Bank slid 1.6 percent, Industrial
Bank sank 1.2 percent, and China Minsheng Banking
Corp fell 0.8 percent.
Index heavyweight China Vanke, China's largest
property developer by market value, ended down 0.7 percent.
Markets are bracing for a slew of China economic data for
May. Trade is due on Sunday, inflation on Tuesday, and urban
investment, industrial output and retail sales next Friday.
Monthly money supply and loan growth data is expected between
June 10 and 15.
(Reporting by Grace Li; Editing by Jacqueline Wong)