Chinese equities ticked slightly lower on their first day of trading following the week-long Lunar New Year holidays, defying expectations for the mainland market to play catch-up with the steep fall in global stocks this week.
The Shanghai Composite traded down 0.2 percent on Friday, while the Hang Seng China Enterprises Index (HSCEI) of mainland companies listed in Hong Kong gained 0.8 percent.
This follows a turbulent period for global stocks, with U.S. and Japanese equities dropping to multi-month lows earlier in the week as soft U.S. economic data compounded worries about emerging markets.
(Read more: Global stock selloff—Rumble or rout?)
"Because other markets had fallen so much, a lot of people had expected China stocks would follow some of the losses, but they have been relatively flat," Jackson Wong, vice president, Tanrich Securities told CNBC.