Global Market: China stocks hold steady despite GDP miss as investors shift to consumer, financial shares

China's blue-chip CSI 300 Index held steady while the Hang Seng advanced 1.5%, even as second-quarter GDP growth came in at 4.3% year-on-year, missing expectations due to softer domestic demand and oil shock effects. Investors rotated into consumer staples (up 3.6%) and property shares (up nearly 5%) while tech and AI-related stocks saw profit booking, with the STAR50 Index dropping 3.7% ahead of ChangXin Memory's $8.55 billion IPO. UBS noted European investors remain interested in Chinese equities despite recent volatility and profit-taking.