China stocks slump as Sino-U.S. tensions escalate


China stocks slumped on Friday to finish the week lower, as investors fretted over an escalation in tensions between Beijing and Washington after China ordered the United States to close its consulate in Chengdu in a tit-for-tat response.

The blue-chip CSI300 index fell 4.4% to 4,505.59, while the Shanghai Composite Index...