SQUAWK BOX, THURSDAY 16TH JULY, 2020

Bouncing back…Chinese GDP rises by 3.2 per cent from the first quarter, topping expectations. However, Asian equities remain in the red. Dozens of high-profile Twitter users’ accounts are hacked in a digital currency scam causing the platform’s shares to sink more than 3 per cent in extended trades. In energy news, Opec + agrees to unwind its record output cuts in supply. Resulting declines are tempered by the news that U.S. inventories are beginning to draw down. And shares in China’s SMIC chip maker soar by 240 per cent during its debut trade listing on the Shanghai STAR market.