China stocks open lower as investors await GDP data
SHANGHAI/SINGAPORE, Oct 18 (Reuters) -China stocks opened slightly lower on Friday, on track for a second week of loss, as investors await quarterly economy data and other clues to assess whether the fizzling bull run still has legs.
China's blue-chip CSI300 Index .CSI300 dipped 0.2% at open, while the Shanghai Composite Index .SSEC lost 0.3%. In Hong Kong, the benchmark Hang Seng Index .HIS is up 0.1%.
China stocks surged more than 20% in just a week in late September after Beijing unveiled a raft of stimulus measures, but the risk rally has waned as euphoria turned into caution. The market is now down roughly 15% from its Oct. 8 peak.
China will release its third-quarter GDP data at 10 a.m. local time (0200 GMT), offering investors more insight into the health of the world's second-biggest economy.
The data is forecast to show the economy grew 4.5% year-on-year in July-September, hitting the weakest pace since the first quarter of 2023, according to a Reuters poll.
Shanghai and Singapore newsroom; Editing by Christopher Cushing
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