China shares extend gains after GDP data, lifting Hong Kong

China shares extended recent gains on Monday, lending support to Hong Kong stocks, as worries about a potentially sharp slowdown in China eased after GDP data was in line with expectations.

China’s growth slowed in the second quarter to an annual 7.5 per cent from 7.7 per cent in the first quarter as weak overseas demand weighed on output and investment, testing Beijing’s resolve to keep up with reforms in the world’s second-biggest economy.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1283169/china-shares-extend-gains-after-gdp-data-lifting-hong-kong