Chinese Stocks Rise After Q2 GDP Comes In Line With Expectations

china brokerage electronic board

The Shanghai Composite is up 1.5% despite the latest data confirming a slowdown in China.

This is because the lack of bad news, i.e. Q2 GDP of 7.5% in line with expectations, is good news.

Economists had been lowering their GDP forecasts ahead of the release.

Here’s a quick look at how other Asian markets are doing.

  • Hong Kong’s Hang Seng is up 0.4%
  • Korea’s KOSPI is down 0.1% 
  • Australia’s S&P/ASX 200 is up 0.2%
  • The Nikkei is closed

Chinese GDP is up 7.6% in the first half of the year. Markets are watching to see if policymakers will move to support their 7.5% 2013 growth target.

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