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Chinese Stocks Climb Despite Economic Growth Slowdown in Q3

MT Newswires Live2025-10-20

Chinese shares opened the week higher on Monday after a series of economic data lifted investor sentiment, even as the country's economic growth slowed in the third quarter.

The Shanghai Composite Index gained 0.6%, or 24.14 points, to close at 3,863.89, while the Shenzhen Component Index advanced 1%, or 124.27 points, to 12,813.21.

Industrial output in Asia's largest economy rose 6.5% in September from a year earlier, accelerating from the 5.2% increase in August.

Meanwhile, new home prices fell 0.4% month-on-month in September, the fastest pace in 11 months, following a 0.3% decline in August.

China's gross domestic product expanded 4.8% year on year in the July to September period, moderating from 5.2% in the second quarter.

Smartsens Technology (SHA:688213) jumped 6.4% while expecting its net profit attributable to owners in the first three quarters to soar up to 169% year on year to 736 million yuan.

Yangzhou Yangjie Electronic Technology (SHE:300373) rose 3.9% after its attributable profit in the third quarter jumped 52% year on year to 372.3 million yuan.

Ningbo Joyson Electronic (SHA:600699) climbed 4.2% after Hong Kong bourse held a hearing to review the company's listing application.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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