Global Markets: U.S. Stocks Gain, Chinese Equities Underperform

Nvidia delays AI chip launch in China, Germany's economy shrinks slightly, and China plans 5% growth target amid economic headwinds.

U.S. financial markets re-open after Thanksgiving for a truncated 'Black Friday' trading session, with focus on both Wall Street and High Street.
Chinese stocks continue to underperform, recording their lowest close in almost a month and underperforming the MSCI all-country index by almost 20% for 2023 to date.
U.S. chip giant Nvidia has told customers in China it is delaying the launch of a new artificial intelligence chip it designed to comply with U.S. export rules until the first quarter of next year.
Germany's economy shrank slightly in the third quarter, confirming an initial estimate of a 0.1% fall. Finance Minister Christian Lindner is set to propose a supplementary budget for this year, which includes the suspension of limits on new borrowing.
China's top economic adviser plans to recommend a 5% growth target for a second year, despite economic headwinds from a teetering property market and tepid domestic demand.