- China's economic growth slowed to 6.5% year-over-year in the third quarter, marking the weakest pace since Q1 of 2009, as the country's trade war with the U.S. puts pressure on growth.
- While Chinese equities initially tumbled in response to the GDP figure, PBOC governor Yi Gang said stock valuations are not in line with economic fundamentals.
- The central bank further pledged targeted measures to help ease firms’ financing problems and encourage banks to boost lending to private firms, pushing the Shanghai Composite up 2.6%.
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN