China market rebounds after GDP data

Mainland China share market closed higher in volatile trade on Tuesday, 20 January 2015, with sentiment supported by slightly better-than-expected GDP data for the fourth quarter ended December 2014. The benchmark Shanghai Composite Index rebounded 1.82% to close at 3173.05, after falling 7.73% previous day.

China's fourth quarter gross domestic product came in at 7.3% for the fourth quarter ended December 2014, from the year-ago period, according to data from the National Bureau of Statistics Tuesday. This was a tick higher than the 7.2% expectation from market pundits and holding steady from the prior quarter. China's economy grew 7.4% in 2014, in line with market expectations and registering the weakest expansion in 24 years.

Powered by Capital Market - Live News