Markets fall with energy metals and batteries leading slump

The A-share market underwent significant pullbacks on Friday, with the benchmark Shanghai Composite Index shedding 2.26 percent to close at 4027.26 points.

Shenzhen Component Index slid 3.44 percent and the technology-focused ChiNext in Shenzhen lost 4.07 percent.

Sectors including energy metals, batteries, rare earth, insurance, communications equipment and multi-sector finance led the Friday decline.

Similar adjustments were seen in other major Asia-Pacific markets. Nikkei 225 in Japan dropped 4.15 percent on Friday. While Kospi in South Korea closed 5.81 percent lower, the market halted trading for 20 minutes during the morning trading hours as the index plunged over 8 percent — triggering the circuit breaker mechanism for the fifth time this year.

Hang Seng Index in Hong Kong shed 1.76 percent while the Hang Seng Tech Index fell 3.41 percent.