Asian stocks rise after China reports strong GDP growth of 4.9% in Q3, with buyback details

From Google: 2024-10-17 22:56:00

Asian stocks rose after China reported better-than-expected GDP growth of 4.9% in the third quarter. The report also included details of a large buyback program by a state-owned firm. The Shanghai Composite Index increased by 0.1%, while the Hang Seng Index in Hong Kong gained 0.5%. Investors are optimistic about economic recovery in the region following the impact of the pandemic. China’s GDP growth in the third quarter beat analyst expectations, signaling a potential rebound in the world’s second largest economy. Markets are closely monitoring developments in Asia for further insights into global economic recovery.



Read more at Google: Asian Stocks Rise After China GDP, Buyback Details: Markets Wrap – Yahoo Finance