Chinese shares slumped sharply on Friday as the benchmark Shanghai Composite Index, a major index of Chinese shares, closed at 2,093.64 points, down 63.11 points, or 2.93 percent.

Over 1,226 shares were down while only 142 shares were up.

It opened at 2,133.35 points, down 33.40 points, or 1.08 percent weaker.

The index tracks both yuan-denominated A shares and hard-currency B shares traded on the Shanghai Stock Exchange.

Source: Xinhua