Asia Markets: Chinese stocks bounce back despite disappointing GDP numbers

Asian stocks mostly dropped in early trading Friday after China’s third-quarter GDP growth came in below expectations, though Chinese stocks bounced back into positive territory.

Stocks in mainland China initially fell about 1% after the report, but boomeranged to gains as trading continued. The Shanghai SHCOMP, +1.77% was last up 0.6% and the smaller-cap Shenzhen Composite 399106, +1.83% was up 0.7%. China’s gross domestic product grew 6.5% from the same quarter a year earlier, down slightly from 6.7% growth in the previous quarter and off analysts’ expectations of a 6.6% growth. The pace was China’s worst since the first quarter of 2009.

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