0726 GMT - Chinese shares ended mixed amid diverging cues. China's first economic activity print for 2025 beat expectations, making a strong start to Beijing's 5% GDP growth goal for the year. However, external headwinds have increased and labor market pressure has picked up, HSBC economists said in a note. Construction stocks led the gains. Anhui Conch Cement put up 3.65% and Beijing New Building Materials rose 2.4%. Oil stocks advanced broadly as well with PetroChina up 1.0% and Sinopec gaining 0.9%. Insurance stocks fell, with China Life Insurance down 0.4%. The benchmark Shanghai Composite Index ended 0.2% higher at 3426.13, the Shenzhen Composite Index edged up 0.1% and the ChiNext Price Index fell 0.5%. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
March 17, 2025 03:28 ET (07:28 GMT)
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