Shanghai Composite Index Falls Back as China's April–June GDP Slowdown Weighs on Economic Sentiment

Macro
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Summary · why it matters

Asian stocks were mixed. The Shanghai Composite Index fell back, weighed down by concerns over the outlook for China's economy. China's National Bureau of Statistics announced that real GDP growth for the April–June quarter of 2026 was 4.3 percent year-on-year, missing the market forecast of 4.5 percent and decelerating from the 5.0 percent growth in the January–March quarter. Hong Kong's Hang Seng Index rose for a fourth straight day, with buying concentrated in large-cap internet stocks as easing US CPI growth reduced caution over an early Fed rate hike. South Korea's KOSPI surged more than 6 percent.

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