BEIJING - China's stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.92 percent, or 26.56 points, to close at 2,871.70.

The Shenzhen Component Index lost 0.52 percent, or 65.07 points, to end at 12,539.01.

Combined turnover shrank from Thursday's 323.22 billion yuan to 270.32 billion yuan ($40.35 billion).