China's stock index futures recovered more than 1 percent Friday after Thursday's losses across the board.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1 this year, rebounded 1.55 percent, or 15.43 points, to close at 1,007.21 points on Friday.
Chinese shares recovered more than 1percent Friday as bargain hunting investors turned aggressive on speculation that the government will not introduce more tightening measures amid economic slowdown.
China's stocks rose, trimming a weekly loss, on the prospect the government won't further tighten lending and property curbs given the slowdown in the economy.
Mainland stocks fell to the lowest in two weeks on Thursday and the yuan weakened on concern the slowdown in the United States and Chinese economies will derail the global recovery.
China Life and two other Chinese companies may not proceed with bids for stakes in American International Group's Asian unit AIA ahead of the unit's planned IPO, a newspaper reported on Friday.
Hong Kong stocks closed down 188. 83 points, or 0.89 percent, at 21,105.71 on Thursday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, dropped 1.28 percent, or 12.86 points, to close at 991.78 points in Thursday's trading.
China's stock index futures closed lower Thursday with the contract for August, the most actively traded, down 0.46 percent from the previous trading day to end at 2,826.8 points.
China's stocks fell to the lowest in two weeks and the currency weakened on concern the slowdown in the US and Chinese economies will derail the global recovery.