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The Economic Times
The Economic Times
Anupam Nagar

Global Market: China stocks hold steady despite GDP miss as investors shift to consumer, financial shares

China GDP Hong Kong Economic Growth Hang Seng Index UBS

Chinese stocks were largely steady on Wednesday as investors looked beyond weaker-than-expected second-quarter economic growth, rotating into traditional sectors such as consumer and financial stocks while taking profits in technology shares linked to the artificial intelligence boom. Hong Kong equities outperformed their mainland peers, as per a Reuters report.

By the midday break, China's blue-chip CSI 300 Index was little changed, while the Shanghai Composite Index slipped 0.1%. In Hong Kong, the Hang Seng Index advanced 1.5%, supported by gains in major technology companies.

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