China's Market Jitters: Resilience Amid Cooling Measures

China's stock market experienced volatility due to subdued economic data and regulatory measures. The Shanghai Composite saw a slight gain, while the CSI300 dipped. Despite a three-year low in quarterly economic growth, the PBOC hinted at future rate adjustments. Geopolitical tensions influence market sentiment.

China's stock market experienced a day of fluctuating fortunes as weak economic data and regulatory interventions cast a shadow over investor confidence. By midday, the Shanghai Composite Index recorded a modest 0.1% increase, a partial recovery from last week's losses.

The CSI300 Index struggled, declining by 0.2% amid morning volatility. Newly released figures indicate China's economic growth slowed to 4.5% last quarter, marking a three-year low, although annual growth remained aligned with targets. This follows the central bank's recent rate cuts aimed at stimulating demand.

Analysts noted the enduring challenges as regulators focus on stabilizing the real economy, amid geopolitical uncertainties. Despite market pressures, sectors like defense and real estate showed gains, whereas technology and banking weakened, impacting overall trends.

(With inputs from agencies.)