BEIJING - Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 1.45 percent to 3,330.73 points.

The Shenzhen Component Index closed 2.62 percent lower at 10,748.97 points.

The combined turnover of these two indices stood at 1.83 trillion yuan (about $254 billion), down from the 1.85 trillion yuan recorded on the previous trading day.

Shares in the semiconductor sector suffered heavy losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 3.91 percent to close at 2,243.62 points Friday.