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China stocks end higher as strong GDP outweighs AI jitters

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China stocks end higher as strong GDP outweighs AI jitters

Business News Tech AI China stocks end higher as strong GDP outweighs AI jitters

China's economy expanded 4.5% year-on-year in the third quarter, topping forecasts and reducing the urgency for Beijing to step up support to meet its annual growth target. Retail sales for September also accelerated.

SHANGHAI, - Chinese stocks closed higher on Monday, led by bank shares, as upbeat third-quarter GDP data outweighed weak sentiment around some AI supply chain companies. ** China 's blue-chip CSI300 Index ended 0.1% up, while the Shanghai Composite Index gained 0.4%. The Hong Kong market was closed for a local holiday and will resume trading on Tuesday.

5% year-on-year in the third quarter, topping forecasts and reducing the urgency for Beijing to step up support to meet its annual growth target. Retail sales for September also accelerated. ** "Despite the data surprise in September, the performance in the first nine months of 2026 still intensified domestic and global concerns about China's imbalance," ANZ analysts said in a note. ** "Fiscal support remains crucial as policy constraints limit monetary easing amid balance-sheet recession pressures," they said. 8%, respectively. 2%, as sentiment around the AI chip supply chain remained weak. 8%. 4% last week, its worst week since mid-July. ** Investors are turning their attention to a key financial forum in Beijing on Monday, where China's securities regulator is due to speak.



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