Asian stocks retreated on Friday as the rout in Chinese technology giants deepened. A cautious undertone prevailed amid fears of slowing global growth and a potential easing in U.S. stimulus.
Chinese shares ended lower as the People's Bank of China left its benchmark lending rate for corporate and household loans unchanged for a 16th straight month, as widely expected, amid weak economic data. The benchmark Shanghai Composite Index fell 38.22 points, or 1.1 percent, to 3,427.33.
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