The Shanghai Composite index slumped 39 points, or 1.3%, to 2,938 on Friday, its steepest daily drop in a month, after latest data showed Chinese economy slowed more than expected in the third quarter and posted its weakest pace of growth in near three decades. Meanwhile, other major stock indexes in the Asia-Pacific region mostly ended lower, dragged by concerns about global economic slowdown: the Hang Seng declined 141 points, or 1.5% to 26,707; the Kospi went down 17 points, or 0.8% to 2,061 and Australia’s S&P/ASX 200 lost 35 points, or 0.5% to 6,650; while the Nikkei 225 went up 41 points, or 0.2% to 22,493.
