Global stocks tumble as investors weigh Chinese GDP data, which beats estimates but 'flatters to deceive'

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  • Global stocks plummeted on Thursday as China released mixed data that showed some growth, but its retail sales failed to climb into positive territory.
  • China's benchmark Shanghai composite index fell 4.5%, while Hong Kong's Hang Seng index dropped 2.1%.
  • European markets fell ahead of a European Central Bank meeting where leaders are expected to hold fire on any further stimulus measures.
  • US markets reversed the previous day's losses and fell between 0.6% and 1%.
  • Visit Business Insider's homepage for more stories.

Global stocks tumbled on Thursday after the latest economic data out of China showed a return to growth by posting better-than-expected metrics, aside from its retail sales.

China's mainland benchmark index, the Shanghai Composite fell 4.5%, and Hong Kong's Hang Seng fell 2.1%.

See the rest of the story at Business Insider

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