April 16, 2025 at 03:35 am EDT
(MT Newswires) -- Chinese shares offered a mixed picture on Wednesday, despite the release of robust first-quarter economic growth figures.
The Shanghai Composite Index added 0.3%, or 8.34 points, to end at 3,276.00. The Shenzhen Component Index fell 0.9%, or 83.37 points, to 9,774.73.
The mixed performance came after the National Bureau of Statistics reported that China's GDP grew 5.4% year-on-year in the first quarter of 2025, beating the 5.1% growth forecast of Reuters-polled analysts.
Further positive economic indicators included strong growth in retail sales, which increased by 5.9%, and industrial output, which saw a 7.7% rise.
However, despite the encouraging economic data, analysts cautioned that the outlook could be clouded by the potential impact of US tariffs on Chinese goods.
In corporate news, Kente Catalysts soared 226% at the close of its first trading day on the Shanghai bourse. Its share price tripled from its initial public offering of 15.00 yuan per share.
Elsewhere, OFILM Group jumped 4.6% after announcing plans to acquire 28.2% of Oufeiguang Microelectronics (Nanchang) through share issuance and cash.
Sumber : MT Newswires
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