BEIJING, July 3 -- Chinese shares closed sharply lower on Friday, with the benchmark Shanghai Composite Index down 5.77 percent to finish at 3,686.92 points.
The Shenzhen Component Index plunged 5.25 percent to close at 12,246.06points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.66 percent to end at 2,605.28 points.
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