Chinese Stocks Rise After Q2 GDP Comes In Line With Expectations

The Shanghai Composite is up 1.5% despite the latest data confirming a slowdown in China.

This is because the lack of bad news, i.e. Q2 GDP of 7.5% in line with expectations, is good news.

Economists had been lowering their GDP forecasts ahead of the release.

Here's a quick look at how other Asian markets are doing.

• Hong Kong's Hang Seng is up 0.4%
• Korea's KOSPI is down 0.1%?
• Australia's S&P/ASX 200 is up 0.2%
• The Nikkei is closed

Chinese GDP is up 7.6% in the first half of the year. Markets are watching to see if policymakers will move to support their 7.5% 2013 growth target.

Source: http://www.businessinsider.com/shanghai-composite-up-15-2013-7

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