China Stocks Lift Amid Stimulus Hopes Following Economic Slowdown

China stocks climbed on Monday, driven by optimism for further stimulus after a slower-than-expected second-quarter economic growth. The Shanghai Composite and CSI 300 Index saw minor gains, while Hong Kong's Hang Seng Index dropped. The market remains hopeful for support measures from China’s leadership amidst a challenging economic landscape.

China stocks closed higher on Monday, buoyed by growing hopes for further stimulus measures after the economy slowed more than expected in the second quarter. The slowdown comes amidst a prolonged property sector downturn and concerns about employment.

In contrast, Hong Kong shares fell following weaker-than-expected economic data and increased chances of Donald Trump winning the U.S. elections after an attempted assassination on the former president.

At the close of trade, the blue-chip CSI 300 Index gained 0.1% to 3,476.25 points, while the Shanghai Composite Index edged up 0.1% to 2,974.01 points. Hong Kong's benchmark Hang Seng Index, however, ended 1.5% down at 18,015.94 points.