Global markets experienced a rally as stronger-than-expected economic data from China boosted investor confidence. Bitcoin traded near $82,500, marking a 1.3% increase over the past 24 hours. Nasdaq futures rose over 1%, while major Asian stock indexes, including Japan’s Nikkei and South Korea’s Kospi, also saw gains. China's GDP grew 4.5% year-on-year in the third quarter, surpassing the previous quarter's growth of 4.3%. Retail sales exceeded expectations, indicating stronger domestic demand, which typically encourages risk-taking in financial markets.
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Global Markets Surge on Strong China GDP Data
This is the reported brief. The desk does not add a separate analysis that was not in the source check.
Original sourcecoindesk.comcoindesk.com
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