China shares slip

BEIJING, Sept 13 (Economic Times): China shares ended their best week since February on a sombre note on Friday, as investors booked profits on cyclical counters from banks to materials which led gains earlier this week. The CSI300 of the leading Shanghai and Shenzhen A-share listings ended down 0.7 per cent at 2,488.9 points in its first loss in six days. The benchmark jumped 5.6 per cent this week. The Shanghai Composite Index, which closed on Thursday at a three-month high, fell 0.9 per cent but soared 4.5 per cent this week. Losses on Friday moved it away from its most technically overbought level since July 2009. Both indexes had their best weeks since the one ended Feb. 1.