Economic TimesLean R·
Global Market: China stocks hold steady despite GDP miss as investors shift to consumer, financial shares
Chinese stocks showed stability as investors shifted focus from technology to traditional sectors. Disappointing second-quarter economic growth data did not significantly impact market sentiment. Consumer and financial stocks saw gains while technology shares experienced profit-taking. Hong Kong equities outperformed mainland markets, supported by major technology companies. European investors maintain strong interest in Chinese equities, focusing on localization efforts.
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