Published on 10/19/2026 at 03:17 am EDT
(Reuters) - Chinese stocks closed higher on Monday, led by bank shares, as upbeat third-quarter GDP data outweighed weak sentiment around some AI supply chain companies.
** China's blue-chip CSI300 Index ended 0.1% up, while the Shanghai Composite Index gained 0.4%.
The Hong Kong market was closed for a local holiday and will resume trading on Tuesday.
** China's economy expanded 4.5% year-on-year in the third quarter, topping forecasts and reducing the urgency for Beijing to step up support to meet its annual growth target. Retail sales for September also accelerated.
** "Despite the data surprise in September, the performance in the first nine months of 2026 still intensified domestic and global concerns about China's imbalance," ANZ analysts said in a note.
** "Fiscal support remains crucial as policy constraints limit monetary easing amid balance-sheet recession pressures," they said.
** Traditional sectors such as banks and liquor led onshore gains, up 1.5% and 0.8%, respectively.
** The tech-focused

STAR

50 Index was down 2.2%, as sentiment around the AI chip supply chain remained weak.
** Robot maker Unitree's shares surged 16%, rebounding from a record low hit last week, while memory chipmaker CXMT fell 7.8%.
** The CSI300 Index lost 3.4% last week, its worst week since mid-July.
** Investors are turning their attention to a key financial forum in Beijing on Monday, where China's securities regulator is due to speak.
(Reporting by Shanghai Newsroom; Editing by Jochelle Mendonca and Sonia Cheema)

Sumber : Reuters