15 July 2025, 06:50 China: Stocks Mixed Despite Strong GDP Data.
Chinese stocks were mixed on Tuesday, with the Shanghai Composite slipping 0.2% to around 3,510 while the Shenzhen Component rose 0.4% to 10,730, as investors digested a raft of economic data that painted a mixed picture of the recovery. China’s economy expanded 5.2% year-on-year in the second quarter, slightly above market expectations of 5.1% but slower than the 5.4% growth recorded in the previous two quarters. Industrial production in June also beat forecasts, offering signs of resilience in the manufacturing sector. However, retail sales growth came in weaker than expected, raising concerns about consumer demand. On the geopolitical front, US President Donald Trump reiterated openness to renewed tariff negotiations with the European Union and other key trading partners. At the stock level, losses were led by China Northern Rare Earth (-0.6%) and Hebei Changshan (-10%), while technology shares outperformed, with Zhongji Innolight surging 14.4% and Eoptolink Technology jumping 20%.
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