Chinese Stocks Close 10th Week Lower Amid 4.5% GDP Growth

Chinese equities have closed lower for 10 consecutive weeks, marking the longest losing streak on record for the country's main benchmarks. The selloff persists despite the economy growing 4.5% in the third quarter, a divergence that has drawn attention from economists and investors. While the CSI 300 Index fell 3.4% last week and is now 17% below its June peak, the STAR 50 Index has dropped nearly 40% this year, with losses concentrated in technology and semiconductor shares. State-backed funds have stepped in with record ETF inflows to stabilize prices, but the gap between robust GDP growth and falling equity prices remains a key concern.