China stocks open lower on Friday

Chinese stocks opened lower on Friday with the benchmark Shanghai Composite Index down 2.82 percent to open at 4,399.93 points.

The Shenzhen Component Index opened at 15,196.56, down 3.16 percent, Xinhua news agency reported.

The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, opened at 3,078.4 points, down 3.99 percent.