Shanghai Stocks Extend Gains at Midday; China GDP Beats Market Expectations, Financial and Telecom Shares Bought

Shanghai stocks edged higher in the morning. China's real GDP for July–September 2026 exceeded market expectations, prompting broader buying led by financial and telecommunications stocks.

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The story

The Shanghai Composite edged up 0.15% from the previous weekend close to 3,722.1950 in morning trading. Although it opened lower, it remained in positive territory through the morning session.

Real gross domestic product (GDP) for July–September 2026, announced in the morning, came in above market expectations, and investor sentiment improved somewhat.

Buying was concentrated in financial and telecommunications stocks among domestic-demand names, whose high dividend yields were viewed as attractive.

At a glance

MarketThe Shanghai Composite was at 3,722.1950 points at the morning close, up 0.15% from the previous weekend close.

TimingReal GDP for July–September 2026, announced in the morning, exceeded market expectations.

NatureInvestor sentiment improved somewhat, and buying was concentrated in domestic-demand stocks.

Stock movementsBuying was prominent in high-dividend-yielding domestic-demand stocks, including financials and telecommunications.

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