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Chinese stocks ended with modest gains though Trump tariff fears offset upbeat Chinese economic cues and capped upside. China's Shanghai Composite index closed up 0.18% at 3,241.82. Latest data showed that China’s GDP expanded 5.4% year-on-year in the fourth quarter, bettering the 4.6% growth in the third quarter. For the whole year of 2024, the economy saw an expansion of 5%, in line with the official growth target.
Further data showed that industrial production rose 6.2% in December, while Retail sales improved an annual 3.7%. Fixed asset investment was higher by 3.2% year-on-year in 2024 while Property investment was down 10.6% in 2024 from the last year. China’s jobless rate rose slightly to 5.1% in December from 5% in November.
Meanwhile, Hong Kong's Hang Seng index edged up by 0.31 percent to 19,584.06.
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