BEIJING -- Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.96 percent to 4,117.95 points.

The Shenzhen Component Index closed 0.66 percent lower at 14,205.89 points. 

ChiNext Index closes higher

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 1.27 percent to close at 3,346.36 points Friday.

The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange. 

China's STAR Composite Index closes higher

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.08 percent higher at 1,832.56 points on Friday.

The STAR 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, closed 0.12 percent higher at 1,509.4 points.

The sci-tech innovation board, commonly known as the STAR Market, was inaugurated in June 2019 at Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.