This is the biggest fall and the first contraction for Britain's economic growth since 2012.
Although signs of moderation prevail in the world's economic landscape, analysts remained confident about China's growth prospect with effects of the government's pro-growth measures filtering through.
Chicago Board of Trade (CBOT) agricultural futures traded sharply lower in the week ending Aug. 16, mainly due to higher ending stocks and declining export sales.
The share price of Chinese real estate developer Xinyuan Real Estate Co., Ltd. (Xinyuan) gained over 4 percent on Friday on its firm operating results in the second quarter ending June 30.
The greater opening-up of China's financial markets boosts the confidence of global investors, who have become increasingly interested in the markets, said a J.P. Morgan executive in an interview with Xinhua.
U.S. stocks wrapped up the week on a gloomy note, as Wall Street was roiled by broad panic over an impending recession, which struck a blow to the already-dampened investor sentiment. Yet investors also digested a slew of mixed data that offered the market some backup.
Craftspeople participate in bamboo flute making contest in Hangzhou
Readers browse books at Xinhua Bookstore in Dingzhou, China's Hebei
Scenery of Si Chen Lhasa Tso lake in Tibet
Huawei sells some of its first 5G phones
Huawei announces its first device with Harmony OS
Chinese export companies seeking diversified market
Economic Watch: Pro-growth measures help underpin Chinese economy
WSJ false report on Huawei refuted by Uganda, Zambia
Chinese mainland youths support HKSAR govt in stopping violence, riots
Over 470,000 people in Hong Kong say "no" to violence
Moody's lowers economic growth forecast for Latin America
Chinese president attends G20 summit
Xi pays state visit to DPRK