Chinese shares closed firmer on Monday as China’s upbeat retail sales and factory output numbers pointed to some stabilization, with second-quarter economic data meeting expectations, while technology shares rebounded from previous week’s sharp declines.

At the close, the Shanghai Composite index was up 0.4% at 2,942.19. The blue-chip CSI300 index climbed 0.41%, with its financial sector sub-index ending up 0.17%, the consumer staples sector closing 0.07% higher, the real estate index down 0.11% and the healthcare sub-index up 0.35%.

China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure.

Source : Reuters