Movement in Shanghai shares by Chinese trading database

All major Chinese indexes closed the day deep in negative territory. The composition in Shanghai dumped 4.4 percent, Shenzhen component tumbled 3.248 percent and Shenzhen composite dropped 3,791 percent The CSI 300, which tracks the largest stocks on the mainland, fell almost 4 percent

The significant losses in the Chinese MSCI's widest index for Asia-Pacific shares outside Japan fell by 1[ads1].5 percent, from 15.14 HK / SIN.

China on Friday reported poorer than expected trading data for February Feb. Dollar-denominated exports fell 20.7 percent for the month from a year ago, a lack of economists' expectations of a 4.8 percent decline, according to a Reuters survey The February dollar-denominated imports fell in the meantime 5.2 percent from the previous year, missing an expected fall of 1.4 percent

China's February balance was also significantly weaker than expected at $ 4.222 billion Economists polled by Reuters had expected the total trade balance to come in at $ 26.38 billion. The country's trade balance in January had been $ 39.16 billion.

In a note on Friday, ANZ said that the release of trade numbers reinforced its view that "China's trade exit has begun to emerge."

China will require stronger incentives to support growth, says Raymond Yeung, ANZ Research chief economist for Greater China.

"Looking ahead, we find little reason to expect a short-term decline in the back of a weak global electronics cycle," he said. explained in the note, adding that Asia's export statistics point to an "innovative" perspective.

That feeling was the echo of Louis Kuijs, leader of the economy of Asia at Oxford Economics.

"We expect poorer global trade and the impact of US tariffs to continue weighing exports in the coming months, although the US and China tariff dependency and the likelihood of a more lasting deal should help in the end," Kuijs said in a statement. note after Friday's release. [19659003] – CNBCs Huileng Tan contributed to this report.