Shenzhen: The ChiNext Index, which tracks China's Nasdaq-style board of growth enterprises, experienced a decline of 4.02 percent, closing at 2,920.08 points on Friday.

According to Namibia Press Agency, the ChiNext Index, along with the Shenzhen Component Index and other indices, serves as a barometer for the performance of stocks listed on the Shenzhen Stock Exchange. This drop indicates a significant movement in the market, reflecting investor sentiments and economic conditions impacting growth enterprises in China.