China stocks ended slightly lower Friday, but capped the week near a 10-month high, driven by upbeat economic data.
CSI300 gained 1.2% and Hang Seng 1.4% for the week, despite Friday's dip and rising U.S.-China trade tensions.
Morgan Stanley flagged tariff risks, advising investors to monitor upcoming political and earnings events.
SMIC shares plunged 8%, dragging semiconductor stocks after a weak Q2 performance.
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