Chinese Stocks Rally, Bonds Decline as Data Allay Growth Fears
- Benchmark CSI 300 Index rallies after GDP data release
- PBOC rolls over less medium-term lending facility after RRR
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Chinese stocks advanced while bonds declined as fears of a deep economic slowdown were allayed by the latest data.
The nation’s benchmark stock index rose, with materials and financial shares leading gains, while the 10-year government bond futures fell for the first time in four days. The onshore yuan advanced.