China stocks edge lower

China stocks edged down on Friday but notched up its fourth straight week of gains as signs of a stabilising Chinese economy offset lingering worries over the looming US election outcome.

The blue-chip CSI300 index fell 0.3 per cent, to 3,354.17, while the Shanghai Composite Index dipped 0.1 per cent to 3,125.32 points.

For the week, CSI300 rose 0.4 pct, while SSEC added 0.7 per cent, both up for the 4th week in a row.

Comforted by recent upbeat manufacturing and service data, Chinese investors are turning their attention to a flurry of fresh economic data in the coming weeks that is widely expected to reinforce views that the world`s second-largest economy is stabilising.

Another help at times of anxiety is the country`s rigid capital controls which traders said help act as a cushion against potential overseas shocks.

Guangzhou Automobile Group gained more than 6 percent in heavy volume. The car maker aims to raise up to 15 billion yuan ($2.22 billion) via private placement to fund green car and proprietary brand push, according to a news agency report.