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Chinese shares rise as GDP meets expectations
Friday, October 18, 2024       10:17 WIB

China's Shanghai Shenzhen CSI 300 and Shanghai Composite indexes rose around 1.2% each, recovering sharply from a negative start to the day. Hong Kong's Hang Seng index rose 1.6% on gains in locally-listed mainland stocks.
Gross domestic data showed China's economy grew 4.6% year-on-year in the third quarter, as expected. Quarter-on-quarter growth also accelerated, although year-to-date GDP growth still remained below the government's 5% annual target.
Still, Friday's gains helped Chinese stocks recoup a bulk of their weekly losses, putting them on track for a muted weekly performance.
Chinese shares had logged heavy losses earlier in the week after Beijing's signals on more stimulus measures inspired limited confidence, given that the government still left investors wanting for more details on the planned measures.

Sumber : investing.com

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