SK Hynix ADR (SKHY.O) extends gains to 19%.

National Bureau of Statistics deputy director Mao Shengyong said at a State Council Information Office briefing that China’s GDP rose 4.7% YoY in 1H at constant prices, in line with the annual growth target. Economic output expanded by 3.6 trillion yuan in 1H, the biggest same-period increment in five years. Mao said activity remains stable despite a Q2 slowdown and the underlying shift toward new, higher-quality growth is unchanged. He added that since Q2 some international agencies have cut full-year forecasts for most major economies but raised their China growth outlooks, signaling increased external confidence in China’s 2024 growth prospects.

Shanghai Gold Exchange gold T+D closed up 0.95% at 885.59 yuan/gram in the July 14 evening session. Shanghai Gold Exchange silver T+D closed up 2.45% at 14,405 yuan/kg.