Chinese stocks jump after stronger-than-expected GDP - Breaking The News
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Chinese stocks jump after stronger-than-expected GDP

EPA-EFE/ALEX PLAVEVSKI

Major stock indices in the Asia-Pacific region traded mostly higher on Friday, following China's gross domestic product (GDP) data which landed at 4.6% year on year in the third quarter of 2024, surpassing expectations.

In addition, market participants also digested September's industrial production and retail sales in China. In Japan, it was revealed that inflation fell from 3% to 2.5% in September.

In mainland China, the Shanghai Composite surged 2.31% at 7:20 am CET while the Shenzhen Composite soared 3.69% simultaneously. Hong Kong's Hang Seng jumped 2.06% and Japan's Nikkei 225 traded 0.19% higher at 7:19 am CET. Meanwhile, South Korea's Kospi dropped 0.51% and Australia's S&P/ASX 200 closed losing 0.89%. The dollar traded 0.25% lower against the yen at 7:19 am CET, selling for 149.8090.

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