The Shanghai Composite fell 0.25% to close at 3,996 while the Shenzhen Component lost 0.36% to 13,404 on Friday, with mainland shares snapping a two-day advance after China's October exports unexpectedly declined 1.1% and import growth slowed sharply to 1%.
The drop in exports was partly due to a high base effect as companies front-loaded shipments ahead of last month's Xi-Trump meeting.
Investors now await key inflation data due over the weekend for further clues on the economy's momentum.
Chinese equities also mirrored global weakness amid renewed concerns over elevated AI valuations, with notable losses from Foxconn Industrial (-4.6%), Zhongji Innolight (-1.4%), Zhejiang Sanhua (-3.9%), Eoptolink Technology (-1.9%), and Cambricon Technologies (-3.2%).
Meanwhile, authorities reaffirmed that new data center projects receiving state funding must exclusively use domestically made AI chips, underscoring Beijing's drive for technological self-sufficiency.

Sumber : tradingview.com