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China stocks inch higher as strong GDP offsets weak AI mood

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China stocks inch higher as strong GDP offsets weak AI mood

Business News Tech AI China stocks inch higher as strong GDP offsets weak AI mood

China's blue-chip CSI300 Index edged up 0.1% by the lunch break, while the Shanghai Composite Index gained 0.2%. The Hong Kong market is closed for a local holiday and will resume trading on Tuesday.

China stocks edged up on Monday, as an upbeat third-quarter GDP reading countered soft sentiment around AI supply chain names. ** China 's blue-chip CSI300 Index edged up 0.1% by the lunch break, while the Shanghai Composite Index gained 0.2%. The Hong Kong market is closed for a local holiday and will resume trading on Tuesday. ** The 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.

** "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. 7%, as sentiment around the AI chip supply chain remained weak. 4%, respectively. 6%. 4% last week, the worst showing since mid-July, down for 10 straight weeks. ** Investors are turning their attention to a key financial forum in Beijing this afternoon, where China's securities regulator is due to speak.



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