The Shanghai Composite fell 0.97% to 3,990 while the Shenzhen Component dropped 1.93% to 13,216 on Friday, with mainland stocks pulling back from ten year highs as disappointing data weighed on sentiment. Fixed asset investment, including real estate, declined 1.7% for the first ten months of the year, accelerating from a 0.5% fall in September and marking the second contraction since August 2020. Industrial production and retail sales also slowed in October, underscoring weakening economic activity. Adding to caution, China’s securities regulatory chief, Wu Qing, has reportedly asked to step down. Major losses came from heavyweight names such as Gigadevice Semiconductor (9.6%), Zhongji Innolight (3.9%), Eoptolink Technology (4.7%), Foxconn Industrial (5.5%) and Shannon Semiconductor (9.5%). For the week, the Shanghai and Shenzhen indexes slipped 0.18% and 1.4%, respectively.